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Fidelity Guarantee

Did you know that the shopkeepers' insurance policy will cover you against direct financial loss due to fraud or dishonesty of a specified employee? Know more here.

Apnainsurance Research Bureau

23 Jan 2008

This shopkeepers' insurance section provides cover against direct financial loss due to fraud or dishonesty of a specified employee. The employer sets a guarantee amount against the specified employee's name. The aggregate liability of the insurance company during any number of periods of indemnity and for any number of acts of fraud or dishonesty by the employee will not exceed this amount of guarantee.

Also, if the policy remains in force for more than one period of indemnity and the insurer's liability will not accumulate or increase.


  • If the employee's nature of job is changed, his/her remuneration is reduced, or if the precautions to secure any accounts are not observed
  • No amount will be payable if you had knowledge or reasonable cause for suspicion of the specified employee having committed fraud or a dishonest act
  • Some companies may restrict the liability to pay for not more than one claim in respect of any of the employees.

See also:

Money Insurance
Electronic Equipment / Reinstatement of Data and Software
Television, Video Equipment, Portable Computer, Mobile Phone
Electrical or Mechanical Appliances Breakdown
Business Interruption and Increased Cost of Working / Loss of Profit
Neon or Glow Signs
Plate Glass Coverage
Pedal Cycle Coverage
Baggage Coverage
Personal Accident Coverage
Public Liability Risk and Workmen's Compensation Policy
Fire and Allied Perils
Burglary and Housebreaking

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