The 60-second version
Fidelity guarantee covers loss from employee theft — distinct from burglary. I declare headcount, cash handling roles, and reconciliation controls for insurer underwriting.
Burglary policy does not cover insider theft — fidelity is separate
Returning founders opening retail, warehouse, or clinic with cashiers need fidelity guarantee — standard burglary excludes employee dishonesty.
Sum insured should match peak cash + inventory at risk per shift; insurer asks for dual-control and CCTV declaration.
Named employee cover vs blanket position cover — blanket is costlier but survives staff turnover.
Burglary lane: burglary rider guide.
Theft cover comparison
| Policy | Covers | Excludes |
|---|---|---|
| Burglary | External break-in | Employee theft |
| Fidelity guarantee | Employee dishonesty | Third-party robbery |
| Money insurance | Transit cash loss | Accounting error |
| Stock throughput | Inventory in transit | Shrinkage without proof |
| Cyber | Data breach | Physical theft |
Fidelity policy sequence
Role map
Cashiers, store managers, accountants.
Controls doc
CCTV, dual sign-off, daily reconciliation.
Declare SI
Peak cash + stock exposure per location.
Bind policy
Annual premium on headcount.
Claim protocol
FIR + internal audit trail template.
Claim flow
Fidelity policy kit
- Employee list.
- CCTV proof.
- Daily cash book.
- Policy schedule.
- FIR template.
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Family employees
Insurer may exclude related-party staff — disclose all relatives on payroll.
Quick visual
Animated decision map
Community signal
What to watch in real discussions
Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
Open nofollow community search ->Interactive checkpoint
Turn this guide into a decision file
0 of 4 checked
Solo shop no staff?
Fidelity N/A — burglary sufficient.
POS skimming?
May need cyber add-on if digital — verify wording.
Multiple branches?
Location schedule per shop — aggregate SI cap.
Deductible?
Typically 10% min ₹10k — verify schedule.
Contractors?
Only employees on payroll — not gig workers.
With keyman?
Keyman is life cover — different product.
The plan is only as good as the sequence.
Tax, banking, schools, shipping — they all have dependencies. A wrong order costs months and lakhs. Get it right.