Learn more about Fidelity Guarantee Cover with Tennyson the charity insurance experts

This is a very simple cover which protects your organisation against the loss of money and property which you may suffer as a result of a dishonest or fraudulent act by an employee or volunteer.

Example

A volunteer Treasurer is found to have taken funds for her own use. This is subsequently discovered in an audit however the organisation is unable to recover the money from the individual.

Who needs Fidelity Guarantee Insurance?

Any organisation which believes (a) that there is a risk that a dishonest person could take funds or property and (b) that a loss such as this would put the organisation at risk.

What does it cover?

The loss of cash, money or property which your organisation owns or is responsible for, as a result of an employee or volunteer acting dishonestly. Also covered are the additional costs you may incur through auditors fees which are needed to investigate the fraud or theft.

What does it not cover?

The policy will have specific exclusions which you should make sure you are aware of. These can include acts of theft or fraud by Agency staff or staff who have not had their references checked.

How much cover do I get?

Limits start from £25,000 and can go up as high as £5,000,000