Concept:Fidelity guarantee insurance covers an employer against financial loss caused by the dishonest acts of employees.
Explanation:This policy protects the insured employer if an employee commits fraud, theft, or any dishonest act during employment.
Such losses may involve money or property belonging to the business.
The insurer compensates the employer for the direct financial loss suffered.
It is not meant for trade debts, personal accidents, or fire disasters.
Therefore, the cover is specifically against losses from dishonest staff.
Answer:C. dishonest staff