Misappropriation of Company property by staff is a threat to any employer. The potential value of such misappropriations can be large and could lead to instability of the business. Further this cover is considered for well-established organizations or firms with proper accounting procedures, full annual audit, and effective systems of check and supervision.
What it Covers
Indemnifies employers, against loss of monies, negotiable instruments or goods belonging to the employer or for which they are responsible as a result of the dishonesty of their employees.
Basis of sum insured
The sum insured must represent limits of cash and stocks handled.
- Particulars of cover and exclusions given above are not complete or exhaustive. For more details please call us on 0112 428 428 or visit one of our nearest branches.