Employee Fidelity Guarantee
Your "Shield of protection"
As a business owner in Cyprus, you invest significant time and resources into building your company and cultivating a loyal workforce. However, even with the best intentions, employee dishonesty can occur, resulting in financial losses for your business. That's why having the right insurance coverage is crucial for protecting your business from the impact of employee fraud. Trust offers a specialized Employee Loyalty insurance plan that covers financial losses resulting from employee dishonesty. With Trust's comprehensive coverage, you can focus on running your business with peace of mind, knowing your financial security is protected. Get a quote today.
Why TRUST Employee Loyalty Guarantee
Flexible
Option of coverage limits according to your needs
The complete coverage of your business
Reducing the risk of financial loss
Who Is This Insurance For?
Aimed at Entrepreneurs and Organisations whose employers distribute and manage money and goods.
Coverage Of Employee Fidelity Insurance
- Money abuse by employees
- Loss or damage of goods and / or other property of the insured as a result of theft by employees
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FAQ Of Employee Fidelity Insurance
What are the requirements for this policy?
- To provide all the information required in the insurance policy or any other Form in full clarity
- Pay premiums according to the payment plan as listed on your insurance policy table
- Take all necessary measures to avoid bodily harm, loss or damage and comply with the provisions of the legislation
- Notify the company in case of change that will increase the level of risk
- Refer to the Company immediately and provide them with full details of the claim in writing
- Take reasonable precautions to prevent or reduce the claim extension
- Non-acceptance of liability, offer, promise or payment without the written consent of the Company
- Comply with the terms of the insurance policy
Are there any cover limitations in the coverage?
The deductible amount is the amount or percentage that is not covered and/or deducted from the amount for each claim separately.
There is a detailed list of coverage limitations in the insurance policy.
Am I covered only in Cyprus?
It applies in Cyprus unless otherwise specified in the Insurance policy
What is employee dishonesty insurance?
Employee dishonesty insurance, also known as fidelity insurance, protects businesses from financial losses resulting from dishonest or fraudulent acts committed by their employees. This can include theft, embezzlement, forgery, and other types of fraudulent activity.
What types of businesses typically need employee dishonesty insurance?
Any business that employs individuals who handle money or have access to sensitive financial information may benefit from employee dishonesty insurance. This can include companies in various industries, including retail, hospitality, and healthcare.
What does employee dishonesty insurance cover?
Employee dishonesty insurance can cover losses resulting from employee theft or fraud, including loss of cash, securities, or other property. Coverage may also be available for expenses related to investigating and prosecuting employee fraud.
How much employee dishonesty insurance do I need?
The amount of employee dishonesty insurance needed may vary depending on the size and scope of the business, the types of services provided, and the potential risks and liabilities that the business faces. Companies should consult with our Trust Insurance agents to determine the appropriate level of coverage for their needs.
What are some best practices for preventing employee fraud and reducing the need for employee dishonesty insurance?
Some best practices for preventing employee fraud and reducing the need for employee dishonesty insurance include implementing strict hiring procedures, conducting background checks on new employees, providing regular training on ethical behavior and fraud prevention, and implementing internal controls to monitor employee behavior and financial transactions. It's also important to maintain accurate records and have clear policies in place for reporting suspected fraudulent activity.
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