This insurance protects the employer from financial loss due to the fraudulent activities of an employee or group of employees. The loss can be the result of the employee’s theft of money, securities or other property of the employer.
Who is covered under an employee dishonesty insurance policy?
An employer is protected from theft by its employees. In addition employers are protected from covered losses due to burglary and destruction. The exact definition of “who” is covered is defined in the policy, but should include all current or former employees, partners, members, directors, volunteers, trustees, seasonal employees and temporary persons at your direction and control.
