The policy covers against loss of money or stock or property caused by fraud, embezzlement or dishonesty of the insured employees.

Most losses in organizations are because of fraudulent tendencies by employees. This is why the organization needs to take this cover to be fully protected.

Information Required for Premium Calculation. The company will choose a limit of guarantee to be covered against each staff.

For example.

Manager                                                       :             Ugx.50, 000,000

Admin Staff                                                 :             Ugx.   2,000,000.

Total Amount of Guarantee                   :           Ugx. 52, 000,000