fraudandmoney07

AXA Fidelity And Money Insurance

There are two types of insurance covers a business should have to protect it from any dishonest activities of its employees. Fidelity Insurance and Money Insurance protect your business from the financial consequences of fraud, embezzlement and theft in the workplace.


Fidelity Guarantee Insurance

This insurance is designed to cover your business against financial losses caused due to fraud or dishonesty such as misappropriation of money or goods belonging to the business by employees. 

Cover is operative only if the act of fraud is committed during the period of insurance and discovered within 12 months from expiry of the policy. Policy can be arranged on individual names or positions basis or on blanket unnamed basis.

Key benefits

- Automatic cover extension for losses discovered within twelve months after the insured employee ceases to be employed or the termination of the policy, whichever occurs first

- Single insurance policy can be issued for several groups of employees for your company

- Cover includes temporary employees who are named or included in the classes set out in the schedule

- Cover for auditor’s fees incurred in any special audit required to substantiate the amount of any claim available.

Money Insurance

This insurance is designed to cover your business against loss of company money from the premises (safe, drawer, counter) and whilst in transit between two designated places.

Key benefits

- Your Money is covered on an All Risks basis, including theft and robbery, but also Fire or any other accident;

- Contingent damage to your safe or strong room are also covered;

- Robbery can be violent: you can choose to cover death or permanent total disablement for you and your employees.

Did you know we can customise the product to suit your company’s needs?

Fidelity Guarantee insurance:

Product details

Fidelity Insurance covers any loss of your money or goods (or which you are legally responsible) which you shall directly sustain during the period of insurance caused by theft or fraud or dishonesty committed during the period of insurance by an employee or employees in collusion whilst in your employment.

The policy also covers auditors fees incurred in a special audit required to substantiate the amount of any claim which is paid under this policy
for the purpose of this insurance policy.

Money, means cash, notes, coins, cheques travelers cheques, cross bankers drafts, postal orders, money orders, current postage stamps, credit cards, sales vouchers, contents of franking machines ‘goods’ shall mean stock in trade and in the custody of the insured.

Money Insurance:

Product details

- Your Money policy covers cash, notes, coins, cheques, postal and money orders, and unused postal stamps: this is a perfect add-on to your Property policy.

- The main exclusions are fraud or dishonesty from employees (which are the purpose of the adjacent ‘Fidelity Guarantee Insurance’ tab), depreciation in value, shortage due to error or omission, vending machines, and money in transit by post.

Why AXA?

  • #1 global insurance brand

  • Tailored covers and extensions

  • Fast claim settlements