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WAEC Commerce 2010 Question 3

Question 3

Insurance

If a businessman wants to insure against dishonesty of the cashier, he will take

  1. A.a burglary policy.
  2. B.an employer's liability cover.
  3. C.a fidelity guarantee cover.
  4. D.a consequential loss policy.
Show the answer and explanation

Answer: C (a fidelity guarantee cover.)

Explanation

Fidelity guarantee covers losses from employees' dishonesty.