A class of insurance that covers policy holders for losses caused by fruadulent employees is?
-
A.
all risk policy -
B.
key-man policy -
C.
fidelity guarantee policy -
D.
money insurance policy
Correct Answer: Option C
Explanation
A fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.