A blanket policy in fidelity guarantee insurance is to cover?

A. cashiers handling cash
B. all staff that may handle cash
C. cash from office to bank
D. all receivables of the company

Correct Answer: Option B

B. all staff that may handle cash

Explanation

Fidelity Guarantee policy indemnifies against the infidelity of an employee which leads to financial loss. It covers for the loss of money, goods and/or stock arising from dishonesty, embezzlement or misappropriation of the company’s funds &/or property by employees.

A blanket policy is a form of property insurance that covers more than one type of property at one location, or the same type at various locations, or multiple types at multiples locations. It allows the policyholder to extend the coverage of a basic homeowner’s policy.