This type
of insurance is well known
for the adequate
protection that it offers employees against
various liabilities that
might come up in
while such employees are still in their capacity as fiduciaries. The most commonly
used being the separate and the stand-alone Fiduciary insurance policy. It is
important to note
that is you
are expecting pension, employee benefits or some
sort of savings, then you might
be predisposed to the various beneficiaries
that may arise as a
result of a
breach of the above fiduciary
responsibilities.
In
the event that a
particular employers acts
in a manner that is
deemed to be dishonest
in regards with an employee’s finances,
such and employer
might invoke the
use of a fidelity bond. Such
usage of the
fidelity bond is a
legal requirement in most
countries.
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