Fidelity Guarantee Insurance
Bayani Gaba-gaba
Every business that handles money trusts someone with it: a cashier at the till, an accountant at the ledger, a storekeeper at the warehouse. Most repay that trust. A few do not. Fidelity guarantee insurance is the cover a wise employer buys against the one who does not, protecting the firm when a trusted employee steals, embezzles or defrauds it from the inside.
In this lesson you will learn exactly what fidelity guarantee insurance covers and the dishonest acts it answers for, the four ways a policy can be arranged (individual, collective, floating and blanket), what a bond is and why it needs three parties instead of two, and the sharp line that separates this cover from an ordinary fire or motor policy: the insurer's right to chase the wrongdoer for its money back.
Manufura
- Define fidelity guarantee insurance and explain the loss it protects against
- Describe the types of fidelity guarantee policy: individual, collective, floating and blanket
- Explain the nature and purpose of a bond
- Distinguish a fidelity guarantee policy from an ordinary insurance policy
Takardar Darasi
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Nazarin Darasi
Barka da kammala darasi akan Fidelity Guarantee Insurance. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- Fidelity guarantee insurance protects an employer against loss caused by: A. Fire damage to the business premises B. The dishonesty of an employee in a position of trust C. Burglars who break into the premises by force D. The employer's own negligence Answer: B
- Which of the following is NOT a type of fidelity guarantee policy? A. Individual B. Collective C. Floating D. Comprehensive Answer: D
- How many parties are involved in a bond? A. One B. Two C. Three D. Four Answer: C
- A blanket fidelity policy carries a limit of 300,000 naira per employee. A cashier is found to have stolen 450,000 naira. How much will the insurer pay? A. 450,000 naira B. 300,000 naira C. 150,000 naira D. Nothing Answer: B
- The feature that most clearly distinguishes a fidelity guarantee policy from an ordinary fire policy is that the fidelity insurer: A. Charges a higher premium B. Can recover what it pays from the dishonest employee C. Pays claims more quickly D. Requires no proposal form Answer: B
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
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Tambayoyin Da Suka Wuce
Kana ka na mamaki yadda tambayoyin baya na wannan batu suke? Ga wasu tambayoyi da suka shafi Fidelity Guarantee Insurance daga shekarun baya.
Tambaya 1 Rahoto
(a) Explain a fidelity guarantee insurance policy.
(b) List and explain the four types of policies in fidelity guarantee insurance.