The insurance policy taken to cover dishonesty of account personnel of an organisation is?

Assessment: WAEC SSCE - Commerce - 2018 (Objective) Subject: Commerce

Question 1 Report

The insurance policy taken to cover dishonesty of account personnel of an organisation is? 

Answer Details
The insurance policy taken to cover dishonesty of account personnel of an organization is a "fidelity guarantee." A fidelity guarantee insurance policy provides protection against financial loss due to the dishonest or fraudulent acts of employees, such as embezzlement or theft of company funds. This type of policy is specifically designed to cover the risks associated with the actions of employees who handle money, such as accountants or cashiers. In summary, a fidelity guarantee insurance policy is taken to cover the risks of financial loss due to the dishonest acts of employees, such as embezzlement or theft of company funds.

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