This policy provides compensation to an employer against the dishonest, fraudulent acts of his employees in respect of money or stock or other articles of trade. Such employees are cashiers, accountants, storekeepers and others who have access to such valuables.

Cover can be arranged on the following basis;

a. Individual Policy
b. Collective Policy: This is of two types viz;
i Named Collective: The names of all the guaranteed employees are shown in the schedule

ii Blanket or Floating Policy: This is another form of Collective Policy but the names of the employees are not indicated in the Schedule.This is desirable where the number of employees is very large.

iii Position Policy
Generally, there is a provision for guarantee any one employee and an aggregate guarantee any one period of insurance

Only positions are indicated