What is the Definition of Employee Dishonesty Coverage?

What is the Definition of Employee Dishonesty Coverage?

Covers direct losses and damage to businesses resulting from the dishonest acts of employees. (See Fidelity bond)

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Employee Dishonesty Coverage?

What is the Definition of Employee Dishonesty Coverage?

You can find random definition and meaning of insurance terms below:


Meaning of Total Disability in Insurance Terms

For disability insurance purposes, an insured’s disability that meets the requirements of the definition of total disability included in the disability insurance policy or policy rider and that qualifies for payment of the specified disability benefits. When a disability begins, total disability is usually the complete and continuous inability of an insured to perform the essential duties of his regular occupation. After a disability has existed for a specified period, total disability usually exists only if the insured is prevented from working at any occupation for which he is reasonably fitted by education, training or experience. (See Disability; Residual disability).


Meaning of Total Loss in Insurance Terms

The condition of an automobile or other property when damage is so extensive that repair costs would exceed the value of the vehicle or property.


Meaning of Transparency in Insurance Terms

A term used to explain the way information on financial matters, such as financial reports and actions of companies or markets, are communicated so that they are easily understood and frank.


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