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WAEC Commerce 1992 Question 65

Question 65

Insurance

The policy which safeguards the employer from loss sustained as a result of fraudulent acts of his workers is the

  1. A.employer's liability insurance
  2. B.loss policy
  3. C.utmost good faith policy
  4. D.group insurance
  5. E.fidelity guarantee policy.
Show the answer and explanation

Answer: E (fidelity guarantee policy.)

Explanation

Fidelity guarantee insurance covers an employer against theft or fraud by employees.