Fidelity Guarantee Insurance is an insurance policy designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft, or dishonesty by an employee in the course of employment.

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Policy Information

Brokerage company seeks to provide Fidelity Insurance Services in this time 2024 to achieve the stability of companies and their ability to continue to work and develop, avoid risks and financial losses, and maintain them by providing the highest services, this is what we provide to your company through Fidelity Insurance Services. 

Fidelity Guarantee Insurance

Dishonesty insurance is a type of insurance that protects against any risks and covers financial losses that may be suffered by institutions and companies resulting from any employee performing his work in non-security ways through forgery, theft, or embezzlement. this is usually done by employees with access to the company's finances such as cashiers, storekeepers, and accountants. therefore, dishonesty insurance is a compensation document for any financial loss caused by illegal actions.

Brokerage Insurance Company offers special insurance against the risks of the dishonesty of employees to avoid any loss resulting from dishonesty.

What does Fidelity Insurance Include

Fidelity Insurance aims to protect companies from financial losses resulting from illegal actions and includes coverage of a range of risks, including: 

Theft

By securing a trust, the company can protect its funds from theft, which most companies may be exposed to by employees taking company funds in non-security ways. 

Embezzlement

Using the company's funds for personal interests in illegal ways, Amana Insurance includes coverage of these losses.

Forgery

Falsification of signatures, company invoices, or financial documents carried out by employees for their personal profit.

Fraud

Making profits from the company using illegal means. 

What is not covered by the security insurance are accounting errors that occur unintentionally, events resulting from natural disasters, or in the event of theft from people outside the company.

Why Companies Need to Fidelity Guarantee Insurance

Most companies need dishonesty insurance policies in order to avoid financial loss from employees through illegal fraud, theft, forgery, and embezzlement. This type of insurance applies to commercial companies where money or goods are handled by employees, such as service industry companies, manufacturing companies, wholesale companies, security companies, and other companies.

What is Covered by Fidelity Guarantee Insurance

Dishonesty insurance covers cases of theft that occur by the insured's employees, including compensation for loss resulting from theft of company funds by illegal means and dishonesty, embezzlement using company funds in non-secure ways for personal interests, or obtaining profit through the company in a legal way, corruption and falsification of company Securities, and the Fidelity Guarantee Insurance

does not cover accounting errors that occur unintentionally, events resulting from natural disasters, or in the case of theft from people outside the company.

One of the most famous companies that provide a breach of trust insurance service is Brokerage, so we will always have many choices of insurance policies that suit your security needs, Brokerage has an excellent reputation in the field of breach of trust insurance.

What is The Timing at Which The Document Insures Dishonesty?

The dishonesty insurance policy covers the financial loss of insured companies or institutions from theft and fraud in both : 

  • During or since the start of the policy, the breach of trust insurance is covered from the date indicated in it.

  • During the discovery of an incident of theft, embezzlement, or any illegal act, the company compensates within the period of validity of the policy of twelve months and notifies the company immediately.

  • When an employee dies or leaves work, whether it is his dismissal or retirement from it.

  • It should be noted that the policy covers one claim from the loss caused by the actions of the employee and this claim is determined by the amount of insurance allocated to one employee in accordance with the conditions.

What are The Exceptions That are Not Covered by a Dishonesty Insurance Policy?

Most insurance policies do not cover any theft, embezzlement, or any accident that occurred late in the policy date, or losses discovered after the expiration of the policy, or the employee's termination of service with the loss after more than 12 months, and dishonesty insurance does not cover accounting errors that occur unintentionally, or losses discovered after the end of the policy, or events resulting from natural disasters, or in the case of theft from people outside the company.

Types of Dishonesty Insurance Policies

The dishonesty insurance policy covers many policies, including : 

Individual policy :

this type serves to cover one employee in the insurance policy by name for a sum of money to cover the damage caused by his act.

Collective policy :

this type covers a group of employees within the company through the name of each employee, the duty, and the guarantee amount for each employee within the policy of covering the policy, and in the case of covering employees without mentioning the name, the coverage is carried out by Category.

Job policy: 

this type is for employees who hold certain positions within the company, this policy covers damages through job insurance instead of people insurance due to the nature of the responsibilities of the positions they hold 

What are The Advantages That Brokerage Insurance Provides in a Breach of Trust Insurance Policy?

The Brokerage company has many advantages that distinguish it from other companies, brokerage is the best insurance company in Egypt that provides all the needs that suit all companies, including :

  • The Brokerage company provides effective and fast customer service to respond to incoming claims.

  • Providing a professional team to communicate with customers online to provide assistance and support all days of the week, 24 hours a day.

  • Provide a hotline to respond to customer inquiries at any time to meet their needs.

  • Providing comprehensive coverage for all types of breach of trust insurance to protect against various financial risks.

The Importance of Fidelity Guarantee Insurance

Breach of trust insurance is an essential part of managing any organization or company from risks, and its importance is due to several reasons provided by brokerage to protect the company's funds from them : 

Financial Protection : 

Through the Fidelity Guarantee Insurance, the company can protect its funds from theft, forgery, or fraud from financial losses that most companies may suffer, the insurance guarantees the company its financial stability and its ability to continue working and avoid large financial losses and maintain them.

Boost confidence : 

Honesty insurance promotes trust between employees, managers, and investors when they realize the management's determination to protect the company's assets and take seriously any risks for the company's success, this strengthens the company and increases the commitment of employees.  

Protection of company systems : 

This is done through continuous follow-up procedures and monitoring financial operations regularly, this follow-up ensures the company does not show any illegal operations taking place inside the company, allowing the company at this time to take the necessary measures.

Risk management : 

Dishonesty insurance works to manage the occurrence of any illegal risks by employees and minimize the losses that the company may suffer, but it is preferable to focus on Business Development and growth instead of focusing on financial losses to mitigate the risks that the company may be exposed to.

Enhancing compliance : 

Fidelity Guarantee Insurance in some companies is mandatory to help companies avoid legal penalties and protect their reputation. 

Dishonesty insurance is an essential part of protecting companies from financial losses that may be suffered by employees in illegal ways. this is done through Financial Protection, enhancing trust, protecting the company's systems, and managing risks to ensure the company's business continuity and success.

Covered and Non-Covered Cases in Companies

Brokerage works in breach of trust insurance to cover cases of theft that occur by employees and theft of company funds in illegal ways, or using company funds in unsafe ways for personal interests, or obtaining profit through the company in a legal way as well, or falsifying the company's securities. breach of trust insurance does not cover accounting errors that occur unintentionally, events resulting from natural disasters, or in the case of theft from people outside the company.