This policy provides cover against loss in consequence of any act or acts of forgery embezzlement or fraud committed by any of the insured’s employees and discovered during the currency of the insurance or termination of employment whichever shall happen first.
Scope of Cover
This policy indemnifies the insured employer against all direct pecuniary losses sustained through any act or acts of fraud or misappropriation committed by the insured’s employees. That is, the risk of employee’s infidelity is being transferred to the insurance company.
- Lack of proper precaution and checks for securing accuracy of account.
- Continued retention of an employee with a previous known fraud / theft case
A sample policy for the Leadway Employer’s Liability Insurance policy can be downloaded here. Please read all the documentation relating to this product to ensure it fully meets your requirements.
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