Crime insurance isn't one-size-fits-all.
Companies have varying levels of exposure to criminal activity due to a range of factors. That’s why it’s crucial to have an experienced broker assess your specific needs. Often, we combine different policy elements from various providers to create a package that accurately reflects your requirements, ensuring it remains cost-effective.
What does crime insurance cover?
A comprehensive crime insurance policy goes beyond a traditional fidelity guarantee policy by covering direct financial losses due to fraud and dishonesty, whether committed by:
- Non-employees (external criminals)
- Employees
It also covers losses that occur over an extended period but are discovered during the policy period.
Common scenarios where crime insurance is vital:
- Crimes involving employee collusion with third parties
- Losses that accumulate over a long period but are only uncovered during the policy period
- Cybercrime
Crime insurance provides protection for crimes related to:
- Premises
- In-transit
- Forgery
- Computer fraud
- Funds transfer
- Counterfeit currency fraud
- Credit card fraud
Social engineering coverage
Social engineering is a modern threat that exploits our growing dependence on technology. For example, a criminal might deceive an employee into making a payment to an offshore account. Many assume this won’t happen to them, but it frequently does.
Since such payments are often seen as legitimate by the bank, many policies don’t cover them — but we ensure you are fully protected.
