KNOW MORE ABOUT BPI/MS' FIDELITY GUARANTEE INSURANCE!

BPI/MS Fidelity Guarantee Insurance protects an Insured Company from any financial loss directly sustained arising from Fraud or Dishonesty committed by a covered employee.

There are three types of Fidelity Guarantee Policies:

1. Name Basis - this covers the employee on a per name basis with the corresponding position and the amount guaranteed.



2. Position Basis - this covers the employee on a per position basis and the amount guaranteed per position.



3. Aggregate Limit Basis - this covers all the employees, amount guaranteed and the Annual Aggregate Limit.

Factors which will make Fidelity Guarantee respond:

1. Direct Financial Loss - implies money matters, values, revenues, expenditures or the administering of the financial affair of the company.



2. Loss directly sustained - exact or complete instant loss to the company without another person or company coming in between.



3. Fraud or Dishonest - the act of stealing, cheating or deceiving that cause the financial loss to the company.



4. By a covered employee - the act committed by the employee for which the premium was paid for as declared in the policy.