Property and Misc Insurance

Fidelity Guarantee

Frauds and dishonesty in contractual obligations are a part of the business world. To safeguard your interests from unscrupulous people HDFC ERGO’s Fidelity Guarantee Insurance ensures that organisations do not suffer because of a few bad apples among them.

This policy broadly covers monetary loss sustained as a result of any act of fraud or dishonesty committed by the employees in the course of performance of their duties.

  • Our Policy covers financial loss due to any act of fraud / dishonesty committed by your employee on or after the date of commencement of this policy.

  • Coverage Duration:
  • The cover is also valid during uninterrupted service with the Insured and discovered during the continuance of this policy or within twelve calendar months of the expiration thereof and in the case of death, dismissal or retirement of the Employee within twelve calendar months of such death, dismissal or retirement whichever of these events shall first happen.
  • For a additional premium, the policy can be extended to cover the risk of terrorism.
  • Financial limit as specified by Insured

The policy does not cover loss and/or damage from

  • Outside territorial limits
  • Losses not falling within retrospective date
  • Losses incurred before policy inception date
  • Consequential losses
  • Willful Acts or Gross negligence
 
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