Fidelity Guarantee Administration

Fidelity Guarantee insurance is an insurance policy designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment.

Fidelity guarantee insurance is most often sought by companies where employees are more likely to cause financial loss because of their constant exposure to cash, stocks or other assets. The potential losses that could arise from fidelity, especially with the increase in computer crime, make it pertinent that those employers at risk use fidelity guarantee insurance as a risk management tool.

CONTENT

• Meaning and importance of fidelity guarantee administration
• The principles of fidelity guarantee insurance
• Typical methods of investigation used in fidelity guarantee insurance
• Outline of policy cover and the main exclusions and restrictions
• The factors involved in the assessment of  fidelity guarantee insurance risks
• Limitation period for lodging a claim
• Fraud
• Financing risk & operating risk
• Administrative approval and payment of a claims
• Loss of loans or trading
• Growing your business with  investment projects
• The different cover levels available

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.