Overview
Prevent employees from disrupting your business. Ensure you are reimbursed for all direct pecuniary loss sustained by the insured arising from fraud or dishonesty committed by the employees.
Coverage
This Policy covers you against direct pecuniary loss sustained by any act of fraud or dishonesty committed by the employees :-
- during the Period of Insurance stated in the Policy;
- during the uninterrupted continuance of employment of such employee;
- in connection with the occupation and duties of such employees; and
- discovered during the aforesaid Period of Insurance or within six (6) months thereafter or within six (6) months after the death, dismissal or retirement of such employee whichever shall happen first.
Note: Please refer to the Policy Contract for the full product features and benefits
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Berjaya Sompo Insurance Berhad or PIDM (visit www.pidm.gov.my)
Major Exclusions
This Policy does not cover :-
- Unexplained losses or shortages discovered during an inventory or stock taking;
- Loss due to unidentifiable employees;
- Non-notification to us on the change in the nature of your business and duties of your employees.
Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.
