Commercial Cover — Corporate Integrity

Fidelity Guarantee

Protecting your organisation's financial assets against losses arising from employee dishonesty, fraud, theft, forgery, and embezzlement — safeguarding corporate integrity from within.

Employee Dishonesty Forgery & Fraud Embezzlement Cash & Securities
3Bond Types
IndividualFidelity Bond
CollectiveFidelity Bond
NAICOMLicensed — LIC 040
Corporate Financial Protection

Safeguard Your Organisation's Financial Integrity

Fidelity Guarantee Insurance protects companies against direct financial losses resulting from acts of employee dishonesty — including embezzlement, forgery, fraudulent conversion of money or stock, and larceny. Whether you are a bank, a trading company, or a manufacturing firm, internal fraud is a real and measurable risk.

  • Comprehensive Loss Indemnity — full compensation for cash or stock converted fraudulently by insured employees during the policy period
  • Flexible Staff Scheduling — individual, collective, and blanket bond options for all cash-handling, accounting, and custodial roles
  • 12-Month Discovery Window — generous coverage window post-dismissal, retirement, or policy expiry for late-discovered frauds
  • NAICOM Regulated — fully licensed and regulated under Nigerian insurance law, providing regulatory certainty for all claims
12 Months
Discovery Coverage Window
3 Bond Types
Individual, Collective & Floating
100%
Enterprise Asset Protection
NAICOM
Licensed — LIC 040
Core Coverages

What Does Fidelity Guarantee Cover?

Three primary categories of internal fraud risk, each with tailored indemnity provisions protecting your corporate assets from within.

Forgery & Document Fraud

Covers direct financial losses caused by acts of signature forgery, document manipulation, false accounting, and falsification of company records by an insured employee.

  • Cheque and instrument forgery
  • False invoice submission
  • Accounting record falsification
  • Fraudulent payment authorisation

Embezzlement & Misappropriation

Protects company cash reserves, bank balances, petty cash holdings, and deposits against fraudulent diversion or misappropriation by employees in positions of financial trust.

  • Cash and petty cash theft
  • Bank account diversion
  • Payroll fraud and ghost workers
  • Fraudulent expense claims

Stock & Asset Larceny

Guards against direct theft or unauthorised liquidation of warehouse inventory, raw materials, finished goods, and fixed assets by employees acting dishonestly.

  • Warehouse stock theft
  • Inventory under-reporting
  • Asset misappropriation
  • Unauthorised disposal of goods
Bond Structures

Three Bond Types to Suit Your Organisation

Choose the bond structure that matches your workforce size, risk exposure, and operational complexity.

Individual Bond

Named Employee Fidelity

A separately scheduled bond covering individually named employees in positions of financial trust — ideal for key management and treasury personnel.

  • Specific named insured employees
  • Individual sum insured per person
  • Ideal for directors and senior finance staff
  • Flexible addition/removal of names
Collective Bond

Position-Based Cover

Covers all employees holding specified job positions or categories — ideal for organisations with high staff turnover in cash-handling roles.

  • Coverage by role or department
  • Automatic cover for new appointments
  • Shared limit across the position group
  • Lower premium than individual bonds
Floating / Blanket Bond

All-Employee Cover

The broadest structure — covers all employees without naming individuals, providing seamless protection regardless of staff changes or restructuring.

  • Entire workforce covered under one limit
  • No schedule maintenance required
  • Ideal for large organisations and banks
  • Single aggregate sum insured applies
Policy Terms

Coverage, Exclusions & Conditions

Understanding exactly what is and is not covered ensures you have the right policy structure and sum insured for your organisation.

What Is Covered
  • Direct financial loss from employee acts of forgery, embezzlement, larceny, or fraudulent conversion of money and stock
  • Losses occurring during the policy period or discovered within the 12-month discovery window post-expiry
  • Losses from employees acting alone or in collusion with others in committing the fraudulent act
  • Legal costs reasonably incurred in investigating and establishing the amount of an insured loss
  • Cover extends to temporary, contract, and probationary employees within the insured schedule
What Is Excluded
  • Unexplained losses or inventory shortfalls discovered solely during routine stocktaking without proof of fraud
  • Losses caused by any partner, director, or principal shareholder of the insured organisation
  • Trading losses, bad debts, or losses resulting from errors of judgment or negligence
  • Loss discovered more than 12 months after expiry of the policy period or after employment ends
  • Any loss where the employer had prior knowledge of the employee's dishonest conduct

Protect Your Corporate Assets Today

Whether you are a bank, a multinational, or an SME — Prestige Assurance has the fidelity underwriting capacity to keep your financial assets and corporate integrity fully protected.