Fidelity guarantee insurance will only cover cashier's fraud.
Fidelity guarantee insurance is a type of insurance policy that protects businesses against losses resulting from employee dishonesty, such as theft or fraud. The policy provides coverage for financial losses resulting from dishonest acts by employees, including embezzlement, forgery, or theft of company property.
Cashier's fraud is a common type of employee dishonesty that is covered by fidelity guarantee insurance. This occurs when a cashier or other employee steals money from the company, such as by pocketing cash payments or manipulating the company's accounting records to hide fraudulent transactions.
However, fidelity guarantee insurance does not cover losses resulting from other types of criminal activity, such as robbery or burglary, or from other business losses such as loss of profit or unpaid loans. These types of losses may be covered under other types of insurance policies, such as property insurance or business interruption insurance.
In summary, fidelity guarantee insurance will only cover financial losses resulting from employee dishonesty, such as cashier's fraud, and does not cover other types of criminal activity or business losses.