Fidelity Guarantee
Trust is essential in every organisation. However, employee dishonesty, fraud, theft or embezzlement can expose businesses to substantial financial losses.
Fidelity Guarantee Insurance protects employers against specified direct financial losses resulting from fraudulent or dishonest acts committed by insured employees in the course of their employment.
Get A QuoteBenefits Of Fidelity Guarantee Insurance
Employee Fraud Protection
Covers specified direct financial losses caused by fraudulent or dishonest acts of insured employees.
Theft And Embezzlement Protection
Provides compensation for covered losses involving employee misappropriation of money or property.
Business Financial Security
Helps protect business resources from eligible internal dishonesty-related losses.
Risk Management Support
Complements internal financial controls and fraud prevention measures.
Business Continuity
Helps organisations recover financially following insured employee dishonesty incidents.
Fidelity Guarantee Vs General Theft Insurance
Understanding the difference helps you choose the right protection.
- Fidelity Guarantee covers losses from dishonest acts by your own employees — people you have entrusted with access to money, stock or assets.
- General theft or burglary insurance covers losses from external parties breaking into your premises.
- Both covers protect against theft, but the source of the risk is different — internal versus external.
- Businesses that handle cash, valuable stock or financial transactions often need both types of cover.
How Fidelity Guarantee Insurance Works
Identify Employees At Risk
We review which roles have access to cash, stock, financial systems or valuable assets — cashiers, accountants, store managers, procurement officers and others.
Set The Cover Limit
Choose an appropriate limit of indemnity based on the maximum loss your business could suffer from a single act or series of acts of employee dishonesty.
Strengthen Internal Controls
Insurers expect reasonable internal controls such as segregation of duties, regular audits and reconciliations. We help you understand what is expected.
Discover And Report A Loss
When employee dishonesty is discovered, notify your insurer promptly, preserve evidence and file the necessary reports.
Claim Assessment And Settlement
The insurer investigates the claim and settles eligible losses, helping your business recover financially.
Who Needs Fidelity Guarantee Insurance?
Financial Institutions And SACCOs
Where staff handle large volumes of cash and financial transactions daily.
Schools And NGOs
Organisations managing donor funds, school fees and operational budgets where accountability is critical.
Retailers And Wholesalers
Businesses with staff managing inventory, cash registers and valuable stock.
Professional Firms
Accounting, legal and consulting firms where employees have access to client funds or sensitive financial information.
Businesses With Cash-Handling Staff
Any organisation whose employees handle cash, inventory or valuable assets as part of their duties.
Frequently Asked Questions
What is Fidelity Guarantee Insurance?
Fidelity Guarantee Insurance protects businesses against direct financial losses caused by fraudulent or dishonest acts committed by employees in the course of their employment, such as theft, embezzlement or misappropriation of funds.
Does Fidelity Guarantee cover all employees?
The policy can cover all employees or named individuals, depending on how it is structured. Blanket cover protects against losses from any employee, while named cover specifies the individuals insured.
What evidence is needed to make a claim?
You will typically need to provide evidence of the dishonest act, proof of loss, internal records, police reports and any relevant financial documentation. The insurer investigates the claim before settlement.
Does Fidelity Guarantee cover theft by former employees?
Generally, losses must be discovered within the policy period or a specified discovery period. If the dishonest acts occurred during the person's employment but are discovered after they leave, coverage may still apply subject to the policy terms.
Are there minimum internal controls required?
Yes. Insurers expect reasonable measures such as regular audits, segregation of duties, reconciliation procedures and proper record-keeping. Failure to maintain adequate controls may affect a claim.
How is the premium calculated?
The premium depends on the number of employees covered, the limit of indemnity, the nature of business activities, internal controls in place and the claims history of the business.
Get A Fidelity Guarantee Insurance Quote
Strong internal controls are essential, but insurance adds another layer of financial protection. Explore Fidelity Guarantee Insurance with Wysline Insurance Agency.
Cover, limits and exclusions vary by insurer and are subject to underwriting acceptance and the policy terms and conditions. Speak to Wysline Insurance Agency for a quotation based on your specific business needs.