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JAMB Commerce 2006 Question 5

Question 5

Insurance

An employer insures against his employees' dishonesty by taking up

  1. A.fidelity guarantee insurance
  2. B.accident insurance
  3. C.group life assurance
  4. D.endowment policy.
Show the answer and explanation

Answer: A (fidelity guarantee insurance)

Explanation

Fidelity guarantee insurance covers an employer against loss caused by the fraud or dishonesty of employees.