Corporate & Credit Assurance
Fidelity Guarantees
Protection against loss from employee dishonesty.
What It Is
A fidelity guarantee protects an employer against financial loss arising from the fraudulent or dishonest acts of an employee, typically one who handles cash, stock, or sensitive financial responsibilities. It is commonly required for staff in positions such as cashiers, accountants, procurement officers, or warehouse custodians.
Rather than absorbing the full exposure of employee dishonesty internally, businesses use fidelity guarantees to transfer that specific risk, giving management, boards, and shareholders assurance that a defined class of loss is covered.
Fidelity guarantees are frequently required by financial institutions, NGOs handling donor funds, and businesses with significant cash-handling operations as part of their internal control framework.
Who It's For
- Financial institutions and SACCOs with cash-handling staff
- NGOs and donor-funded organisations managing programme funds
- Businesses with employees in procurement, custody, or cashier roles
Key Benefits
- Protects against a defined and often costly category of internal loss
- Supports internal control and governance requirements
- Can be structured for individual employees or defined staff categories
- Reassures boards, donors, and shareholders of financial safeguards
How to Apply
Identify the roles covered
Share the employee roles or categories requiring fidelity cover.
Assessment
We assess the organisation's internal controls and risk exposure.
Issuance
The fidelity guarantee is issued covering the agreed roles and exposure limit.
Typical Requirements
- Company registration documents
- List of employees or roles to be covered
- Summary of internal financial controls
- Note: requirements vary by facility size
Frequently Asked Questions
Ready to apply for a fidelity guarantees?
Share your contract or tender details and receive a structured response within one business day.