Fidelity guarantee insurance protects you from employee theft/fraud. This type of insurance is especially common for cash-heavy businesses: e.g. F&B, beauty salons, and retail. It is also common when employees are trusted to handle large amounts of transactions on behalf of the company.
Cost: You can several thousand dollars in annual coverage starting from just $9-10/month (i.e. about $100/year). Rates for this type of commercial cover are highly affordable.
Fidelity guarantee insurance covers:
a. Employees stealing money from your company
b. Employees defrauding other people using your company name/their position in your company
For instance, if a worker in your company fraudulently takes $1,000 out of your corporate bank account, fidelity guarantee insurance would pay for the stolen money. Get fidelity guarantee insurance quotes here.
Fidelity guarantee insurance protects you from employee theft/fraud. This type of insurance is especially common for cash-heavy businesses: e.g. F&B, beauty salons, and retail. It is also common when employees are trusted to handle large amounts of transactions on behalf of the company.
Cost: You can several thousand dollars in annual coverage starting from just $9-10/month (i.e. about $100/year). Rates for this type of commercial cover are highly affordable.
Fidelity guarantee insurance covers:
a. Employees stealing money from your company
b. Employees defrauding other people using your company name/their position in your company
For instance, if a worker in your company fraudulently takes $1,000 out of your corporate bank account, fidelity guarantee insurance would pay for the stolen money. Get fidelity guarantee insurance quotes here.