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The policy provides coverage for losses incurred to the insured in the case of fraudulent or dishonest activities conducted by the insured employee(s).
About the Policy
The policy provides coverage for losses incurred to the insured in the case of fraudulent or dishonest activities conducted by the insured employee(s). It covers claims based on each employee, thus optimizing the coverage received.
Important details
Features
Coverage against financial loss suffered by the insured as a result of fraud/dishonesty of employees.
Compensation for actual financial loss sustained as a result of the dishonest/ fraudulent acts of the employees.
The loss is payable up to the limit specified for the employees.
Exclusions
Suppression of fact affecting the risk at the time of effecting the policy.
Any change in the circumstances or conditions of the said employment without the consent of the company.
Loss arising outside India.
Loss due to non-observance or relaxation of system of checks and precautions.
Loss by an act committed subsequent to an earlier act of dishonesty/fraud and which had come to the notice of the insured/insured's representative/supervisor.
More than one claim in respect of liability/loss arising out of an individual employee's acts.
