Fidelity Guarantee

Fidelity Guarantee Insurance coverage is a type of insurance that protects you from financial losses incurred due to fraudulent or dishonest acts committed by your employees. This coverage typically reimburses the insured business for the financial losses resulting from employee theft, embezzlement, forgery, or fraud. Fidelity Guarantee Insurance is crucial for businesses of all sizes, as even the most trusted employees can sometimes engage in dishonest activities that can lead to significant financial losses.

Underwriting Information Required for Fidelity Guarantee Insurance

• When applying for Fidelity Guarantee Insurance, the insurance company will require detailed information about the nature of the business, such as the industry, size, and operations of the company
• Insurers may also request information about the number of employees, their roles and responsibilities, and any existing internal control measures in place to prevent fraudulent activities.
• Insurers will assess the insured business's financial stability and management practices to determine the level of risk involved.
• The insurance company may ask for details about past claims history related to employee dishonesty or fraud to evaluate the business's risk profile.
• Insurers may also require information about background checks, screening procedures, and training programs implemented by the business to prevent fraudulent activities by employees.
• The application process may also involve completing a proposal form and providing relevant financial documents to support the requested coverage amount.

Engaging the services of AMG as an insurance broker can provide numerous benefits to the client seeking Fidelity Guarantee Insurance coverage. AMG has a team of experienced insurance professionals who can help the client navigate the complex insurance market and find the most suitable coverage at competitive rates. As an insurance broker, AMG works on behalf of you to assess your specific needs, source quotes from multiple insurance companies, and negotiate terms and conditions that best protect the client's interests.