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The Insurance Times

be covered on payment of additional premium. The
policy would then cover the disbursement risk of
the earmarked money, provided the loss is occasioned
by an insured peril.

Q9. Describe the various types of commercial
Fidelity Guarantee policies available in the
market.

Ans. There are several types of Commercial Fidelity
Guarantee insurance; they are as follows :-
(i) Individual Policy - This type of policy is used where
only one individual is to be guaranteed.

(ii) Collective Policy - Where the entire staff or a
number of selected staffs are to be covered, a
Collective Policy is to be issued. The policy
comprises of a schedule containing the names of
the employees to whom the guarantee applies with
a note of the duties of each employee.

The amount of guaranteed for each employee is
specified against the employee's name in the

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