Commercial Crime Insurance provides protection from financial losses related to business-related crime, including fraud, theft, forgery, dishonesty of employee and electronic crime. Crime policy is the perfect alternative to a standard Fidelity Guarantee cover and will fill the gaps and shortfalls that may exist.
How can you be at risk?
You are exposed to risk when a crime is committed by an Employee (Internal) or any other person (External), you might not only lose your money (first-party loss), but also money in your care custody and control (third-party loss).
How do we protect you?
By providing coverage for:
Employee Dishonesty and Fraudulent acts committed by any other person
Forgery or alteration of Cheques, Drafts, Promissory Notes or similar instruments
Theft of Money and Securities on and off the insured’s premises or a financial institution’s premises (in your care, custody and control)
Computer and Funds Transfer Fraud by way of fraudulent entry or change to electronic data or computer programs
Money Orders and Counterfeit Money accepted in good faith in exchange for goods or services
Legal fees, Investigative Specialist and Claims Preparation Costs
Fake President Fraud/Social Engineering Fraud*/ Impersonation Extension can be provided upon satisfactory review/assessment of underwriting information and at an additional premium
*Social Engineering is the art of pretending or pretexting to be another person with the goal of gaining access to a system or manipulating someone to obtain money fraudulently. It can be done by sending fraudulent e-mails to instruct funds transfer.
What do we need?
Duly filled Proposal Form(s)
Latest Financial Statements
Request more info
We will get back to you at the earliest possible