Fidelity Guarantee: Protecting Your Business from Internal Fraud

It is an uncomfortable topic. No one wants to think that a trusted employee might steal from them. You hire people because you believe in them. But as the best business insurance consultants in Dubai, we have seen that internal fraud can happen to even the best-managed companies. This is why “Fidelity Guarantee” is a vital part of your sme business insurance.

What is Fidelity Guarantee?

This insurance protects you if an employee steals money, stock, or assets from your company. This could be a cashier taking money from the till, an accountant moving funds to a private bank account, or a warehouse worker taking stock home to sell. Standard theft insurance often only covers “forced entry” (someone breaking a window). It doesn’t usually cover theft by an employee who has a key. This is why you need a specific “Fidelity” section in your business insurance dubai plan.

The Impact of Internal Theft

For a large corporation, losing 50,000 AED might be a small problem. For an SME, it can be a disaster. It ruins your cash flow and breaks the trust in your office. Fidelity Guarantee doesn’t just give you the money back; it provides “Audit Fees” coverage. This means the insurance company pays for a professional accountant to go through your books and find exactly how much was stolen.

How CoverB Protects Your Trust

At CoverB, we help you set up “Blanket Cover.” This means all your employees are covered, so you don’t have to name every single person on the policy. It is simple, fast, and secure. We believe in “Trust, but Verify.” Let us help you protect your hard-earned money from internal risks. Explore our solutions at https://coverb.ae/.