Acuity Insurance Brokers

DID YOU KNOW?
Fidelity Guarantee Insurance (FGI) is a type of insurance designed to protect a business or organization against direct financial loss sustained due to acts of fraud, dishonesty, forgery, or theft committed by its own employees, partners, contractors, or volunteers.
It is often referred to as "employee dishonesty" or "first-party fraud" cover, as it specifically protects the organization's own money, securities, or property.
🛡️ Key Features and Coverage
Fidelity Guarantee Insurance typically covers losses resulting from:
Theft or Embezzlement: Misappropriation of company funds or property.
Forgery or Alteration: Fraudulent manipulation of documents or accounts.
Dishonest Acts: Any act committed by an employee with the intent to cause the company a loss and obtain an improper financial benefit for themselves or another party.
Loss of Property: Coverage for physical property (like inventory or equipment) stolen by employees.
💼 Types of Policies
Fidelity Guarantee policies can be structured in a few ways to cover different groups of people:
Named Persons Basis: Only covers the individuals specifically named in the policy schedule.
Position Basis: Covers employees who hold specific job titles or positions (e.g., "All Cashiers," "Head Accountant").
Blanket Basis: Provides cover for all employees, or a generic category of employees, without naming them individually. This offers the widest coverage.
🏦 Who Needs FGI?
Any business where employees handle money, stock, or other valuable assets is at risk and should consider FGI. This includes:
Financial institutions (banks, stockbrokers)
Manufacturing companies
Retail and wholesale businesses (shops, go-downs)
Service industries
Accountancy firms (often required by professional regulations)

What it takes to be a long-term insurance partner | AIG Newsroom Dominik Bark, AIG's Head of Financial Lines covering EMEA, shares how AIG helps clients position their organizations for long-term growth across the region.

Acuity Insurance Brokers | Home We are a leading general and life insurance brokerage firm providing a wide range of insurance and risk management products. When you call Acuity Insurance Solutions, you know you'll get the right coverage at the best price. We have partnered with the local insurance companies so that we can offer t...