Commerce WAEC

Fidelity guarantee insurance is a cover against loss arising from?

A. trade debt
B. personal accident
C. dishonest staff
D. fire disaster

Correct Answer: Option C

C. dishonest staff

Explanation

Fidelity Guarantee insurance is an insurance policy designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment.

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