WAEC - Insurance (2016 - No. 25)
A class of insurance that covers policy holders for losses caused by fruadulent employees is?
all risk policy
key-man policy
fidelity guarantee policy
money insurance policy
Explicaţie
A fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.