Fidelity Guarantee 

This covers the insured for loss of money or stores/stocks as a result of misappropriation by a member of staff

Underwriting Guidelines

  • limits of liabilities
  • occupations of insured persons
  • systems of checks and balances in place
  • references
Claim conditions
  • To notify Reliance Insurance immediately in case of a loss
  • To report the occurrence to police
  • To take reasonable precautions to avoid loss
  •  If fraud is suspected, all benefits under the policy are forfeited
  • Claims are subject to contribution, average and subrogation
  • An investigator is appointed in most cases
  • The insurer must be satisfied that all warranty conditions were adhered to.
  • losses must be discovered within three (3) months
Exclusions
  • consequential loss of any kind
  • losses outside the territorial limits