This Insurance policy covers the company’s money and goods from the destruction or embezzlement by its employees.
Basic Coverage
The basic coverage of the Insurance Policy includes:
- Loss of money caused by any act of fraud by the Insured’s employees.
- Loss or damage to goods as a result of theft by employees.
Exceptions:
The Policy is subject to exclusions, some of which are:
- War risks.
- Terrorist acts.
- Nuclear radiation, environmental pollution.
- Abuse or theft of goods which is not covered within a certain time after the date of termination of employment or the end of the insurance period.
- One claim in respect of any one of the employees is paid.