Fidelity Guarantee Insurance
Gbogbo ọrọ náà
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.
Ebumnobi
- 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
Akọmọ Ojú-ẹkọ
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Fidelity Guarantee Insurance. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- 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 rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Àwọn Ìwé Tó Dáa Láti Kà
Àwọn Ìbéèrè Tó Ti Kọjá
Nna, you dey wonder how past questions for this topic be? Here be some questions about Fidelity Guarantee Insurance from previous years.
Ajụjụ 1 Ripọtì
(a) Explain a fidelity guarantee insurance policy.
(b) List and explain the four types of policies in fidelity guarantee insurance.