Fidelity guarantee insurances indemnifying the insured against financial loss resulting from acts of dishonesty by employees. Collective policies cover named employees with separate amounts for each. Floating policies cover unnamed employees up to one overall amount. Blanket policies guarantee the staff generally. Positions policies guarantee the position (e.g. chief accountant) and not the individual by name. The insurer considers the previous history of named employees and, in all cases, the type of work undertaken and the system of check.
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Insurance policies provides to reimburse employers defrauded by employers.