Fidelity Insurance is designed to cover employee theft of money or property of named insured. This coverage is often overlooked by insurance brokers; however, it is very important to properly establish the right limit of insurance and obtain comprehensive policy coverage.
Coverage Highlights:
- Discovery Form policy uses today’s limits and deductibles for prior losses and prior acts
- Definition of employee automatically includes management company, directors & officers, members of committees, volunteers
- Manifest of intent is removed from the language of loss cause
- Diminution of deductible prevents prior policy deductibles from stacking up; deductible applies to all prior acts that would be covered
Please Note: coverages may vary according to class of risk and market conditions