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Financial loss sustained by the Insured due to any act of fraud or dishonesty of the employee in connection with his employment/occupation and his duties.
WHAT CAN BE INSURED
The interest of the Employer in the money or property lost due to the infidelity of the named employee.
WHO CAN TAKE INSURANCE
Employer of the Company
RISK COVERED AND PREMIUM RATING
RISK COVERED
Financial loss sustained by the Insured due to any act of fraud or dishonesty of the employee in connection with his employment/occupation and his duties.
PREMIUM
Premium Computation:
Premium Rate/Table
POLICY EXCLUSIONS
Consequential Loss is not covered
After the Death Dismissal Resignation or Retirement of the employee or within 12 months after expiry of the policy whichever shall first occur.
Any suppression misstatement of the facts affecting the risk at the time of taking up the policy
The company shall not be liable to pay more than one claim in respect of the act of any one of the employee
