This policy provides coverage against loss by dishonesty of persons holding position of trust.

If the employee is dishonest, the employer will suffer financial loss as a result of forgery, embezzlement, larceny or fraudulent conversion (i.e. theft, misappropriation of funds, and false conversion of money/stock)

The policy indemnifies the employer for loss of monies or goods as a result of any act of FRAUD OR DISHONESTY committed by any employee whilst acting in his or her capacity provided that the committed acts are discovered;-

	During the period of insurance
	Within 6 months after the death, dismissal or retirement of the defaulting employee or within 3 months after termination of the policy whichever is earlier.