A class of insurance that covers policy holders for losses caused by fruadulent employees is?
- all risk policy
- key-man policy
-
fidelity guarantee policy
- money insurance policy
The correct answer is: C
Explanation
A fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.