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An employer insures against his employees' dishonesty by taking up?

Commerce
JAMB 2006

An employer insures against his employees' dishonesty by taking up?

  • A. fidelity guarantee insurance
  • B. accident insurance
  • C. group life assurance
  • D. endowment policy
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Correct Answer: Option A
Explanation

Fidelity guarantee insurance covers the insured against losses suffers as a result of employees' dishonesty, misappropriations of funds, and fraudulent conversion of the company's fund.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now