Fidelity Guarantee

No matter how employers of different organizations place security and surveillance in their procedures and activities, mishaps due to misappropriation and embezzlement of property by employees, although rare, can occur.

Incidents of such mishaps worry a number of employers. Whilst a number of insurance policies exclude infidelity incidents by employees, the Fidelity Guarantee insurance is specifically designed to protect such misappropriation incidents by employees.

When opting for fidelity guarantee cover, employers should consider one or more of the following items:

  • Number of employees handling monies, valuable or convertibles, stock etc
  • Limits being exposed to such employees
  • Eligibility and legal status of such employee to the organization

At TRUST YEMEN INSURANCE AND REINSURANCE CO. we offer a Fidelity guarantee policy that covers any loss caused due to any act(s) of Forgery or embezzlement, larceny &/or fraudulent conversation committed by an employee in the course of their duties.

The rate chargeable is always applied on the Total Aggregate limit of indemnity in addition to per capita (additional charges per employee)


Expression forgery means the forging or fraudulent alteration of any document or fraudulently altered document by the employee(s) whereby he obtains possession of monies or goods of the employer.