Fidelity Guarantee implies the faithful or loyal performance of a duty, this is a takaful against any form of dishonesty stemming from lack of fidelity. It is an affirmation that no accounting system is fraud free. Fidelity Guarantee, therefore, is taken up by any organization or person who may suffer as a result of dishonesty, embezzlement or misappropriation of funds/property; failure in the diligent performance of a duty or in certain cases; the mistakes of another. The rate is 1% of the estimated annual amount to be covered.