Meaning Of Fidelity Insurance

Means insurance coverage with respect to employee errors omissions dishonesty forgery theft disappearance and destruction robbery and safe burglary property other than money and securities and computer fraud in an aggregate amount acceptable to seller s regulators.

Meaning of fidelity insurance. The insurer indemnifies the insured for losses caused by dishonesty or want of fidelity on the part of an employee. It will guarantee that if a business owner or employer suffers any loss due to employee dishonesty the chosen insurer will share this loss as long as they are. An agreement whereby for a designated sum of money one party agrees to guarantee the loyalty and honesty of an agent officer or employee of an employer by promising to compensate the employer for losses incurred as a result of the disloyalty or dishonesty of such individuals.

Insurance against the results of dishone. Insurance against loss caused by the dishonesty or nonperformance of an employee of the insured. Fidelity insurance meaning definition what is fidelity insurance.

Insurance to protect a company against the dishonest or illegal behaviour of its employees.