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FG policy insures against loss of money or goods
belonging to you as the insured due to infidelity or
dishonesty of employees.
Scope
The Company agrees to indemnify the insured against
a direct pecuniary loss sustained by reason of any
act of fraud/dishonesty committed
On or after the date
of commencement of this policy
During uninterrupted service with the Insured and
discovered during the continuance of this policy or
within twelve calendar months of the expiration
thereof
In the case of death, dismissal or retirement of the
Employee with twelve calendar months of such death,
dismissal or retirement whichever of these events
shall first happen.
Conditions
The liability of the Company shall not exceed
(a) in respect of
any employee the sum insured stated against his name
or as declared herein.
(b) in respect of all claims under this policy, the
total sum insured.
If this policy shall be continued in force for more
than one period of indemnity or if any liability
shall exist on the part of the Company under this
Policy and also under any other Policy in respect of
fraud or dishonesty of the employee, the liability
of the Company hereunder shall not be accumulated or
increased thereby but the aggregate liability of the
Company during any number of periods of indemnity
and for any number of acts of fraud or dishonesty
committed by the employee shall not exceed the sum
insured hereunder or the sum insured under any other
such policy as aforesaid whichever is greater.
The Company shall not be liable to pay more than one
claim in respect of the action of any one employee.
This insurance is a must for all commercial
establishments. |
