Policy Overview
This policy indemnifies the insured against financial loss caused by fraudulent or dishonest acts committed by employees during the course of employment. It typically covers acts such as embezzlement, forgery, theft, or misappropriation of funds or property.
The policy is designed to protect businesses from internal risks arising from trusted personnel. Exclusions include losses discovered after a specified period, consequential losses, trading losses, and acts committed by owners or partners unless specifically included.