Fidelity insurance

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..... r losses caused by dishonesty or a want of fidelity on the part of such a person. In Halsbury's Laws of England, Vol. 25, 4th Ed. A Fidelity Guarantee Insurance is described as pecuniary loss insurance, not falling within normal class related to contingency but, for making payment in the event of a specified event occurring, the payment representing either the loss or the possibility of l .....

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..... ntee is thus different from contingency guarantee. The insurance under it is for honesty, against negligence or for being faithful and loyal. The protection afforded is different than normal insurance policies. Its consequences and enforcement are also not the same. The employer or the principal has first to be satisfied about the breach. No action can be taken on suspicion. THE FOOD CORPORATION .....

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