A class of insurance that covers policy holders for losses caused by fruadulent employees is?
Answer Details
The class of insurance that covers policyholders for losses caused by fraudulent employees is called a fidelity guarantee policy.
A fidelity guarantee policy provides coverage to the insured party in case of any financial loss due to dishonest or fraudulent actions of employees. This type of policy can protect businesses from financial losses caused by theft, embezzlement, forgery, or other fraudulent activities carried out by their employees.
For example, if an employee steals money from their employer, the employer can make a claim under their fidelity guarantee policy to recover the financial loss incurred. This type of policy can provide peace of mind to businesses and protect them from the financial impact of employee fraud.
Therefore, among the options provided, the correct answer is fidelity guarantee policy.