Under this policy, the names and designation of the group members is included in the policy schedule. This policy may be seen as an extension of collective policy where the sum insured is specified for the whole group rather than for each individual. The sum insured is reduced as each claim is made and an extra premium is needed to reinstate the cover.

Under this policy, the liability is limited to the amount of sum insured and does not take cognizance of the number of people working in Instead of names and designation of individuals, the policy schedule contains positions with the corresponding insured sum alongside.

This policy provides for only one individual.

This policy covers entire staff or number of selected people but does not pay more than one claim in respect of liability or loss arising out of an ascot of a single employee. The policy is issued and must show the employee's names and the respective limits imposed. What the policy does not cover The policy excludes the following losses:

1. In the event that the employee's terms of engagement are altered and the employee is not aware of the change.
2. Losses which may affect the risk at the time of effecting the policy due to thes uppression of facts
3. Losses resulting from a commitment made which had come to the notice of the insured/ representatives of supervisor although it had been made earlier to an act of dishonesty or fraud
4. Where there are multiple claims concerning a single employee Where checks and precautions are not observed or unnecessarily relaxed. Arising from non-observance or relaxation of checks and precautions