Fidelity Guarantee Insurance
Protect Your Business from Employee Fraud & Dishonesty
Employees are vital to your business — but internal fraud, theft, or dishonesty can cause serious financial loss. Even trusted staff may sometimes misuse company funds or assets.
At Advanced Insurance Agency Limited, we provide comprehensive Fidelity Guarantee Insurance to protect your business against financial loss caused by employee dishonesty.
What Does the Policy Cover?
1. Cash Theft
Loss of company money by employees.
2. Embezzlement
Unauthorized diversion of company funds.
3. Fraudulent Transactions
Dishonest manipulation of financial records.
4. Forgery
Unauthorized signing or falsification of documents.
5. Stock Theft
Theft of company goods by employees.
Types of Fidelity Guarantee Cover
1. Individual Cover
Covers a specific employee (e.g., cashier, accountant).
2. Blanket Cover
Covers multiple employees under one policy.
3. Position-Based Cover
Covers specific job roles rather than named individuals.
We help you choose the most appropriate structure for your business.
What is Not Covered?
- Accidental errors
- Losses due to negligence
- Third-party theft (covered under burglary policies)
- Loss discovered after policy expiry (unless extended)
We guide you on policy terms to ensure full understanding.
Why Fidelity Guarantee Insurance is Important
Without this cover:
- Internal fraud can severely impact finances
- Legal recovery processes may be lengthy
- Cash flow may be disrupted
- Business reputation may suffer
Fidelity Guarantee Insurance ensures financial protection and business continuity.
How Premiums Are Calculated
Premiums depend on:
- Number of employees covered
- Nature of duties
- Amount of money handled
- Internal control systems
- Claims history
Strong financial controls may reduce premiums.
Why Choose Advanced Insurance Agency Limited?
✔ Professional risk assessment support
✔ Competitive premiums
✔ Access to reputable insurers
✔ Fast policy processing
✔ Claims assistance and follow-up
✔ Tailored coverage solutions
We protect your business from internal financial risks.
Click To Call: 0722494303
Frequently Asked Questions (FAQs)
1. Does Fidelity Guarantee cover theft by external parties?
No. External theft is covered under Burglary & Theft Insurance.
2. Is employee fraud common?
Unfortunately, internal fraud is a major risk in many businesses, especially where cash handling is involved.
3. Does the policy cover past fraud?
Generally, coverage applies to losses discovered during the policy period, subject to terms and retroactive provisions.
4. Can I cover all employees under one policy?
Yes. Blanket or position-based cover can protect multiple staff members.
5. Is this cover mandatory in Kenya?
It is not mandatory by law, but many organizations require it as part of good corporate governance.
6. What proof is required when making a claim?
Evidence such as audit reports, financial records, and investigation findings are required to support claims.
7. Does this replace internal controls?
No. Businesses must still maintain proper financial controls and supervision systems.
Get Covered Today
Safeguard Your Business from Internal Risk
Protect your organization from financial loss due to employee dishonesty with reliable Fidelity Guarantee Insurance from Advanced Insurance Agency Limited.