All businesses, from small businesses to Fortune 500 companies, are targets for crime. Crime is one of the fastest-growing and most prevalent problems facing businesses today. The changing economic environment and growing economic uncertainty make the threat of loss more serious than ever before. A comprehensive crime policy is a critical component in protecting your business’s assets today and in the future.
Crime policies can provide coverage for the following:
- Employee theft: Losses of money, securities and other property cause by theft or forgery by an employee.
- Third party fidelity: Losses sustained for theft of clients property by employees.
- Premises cover: Losses sustained due to the destruction, disappearance or abstraction of money and securities within or from the insured's premises by third parties.
- In transit cover: Losses sustained due to the destruction, disappearance or abstraction of money and securities outside the insured's premises by a third party, while being conveyed by the insured or any authorized person.
- Forgery cover: Losses resulting from instruments which have been fraudulently drawn upon the company's accounts by a third party.
- Computer fraud cover: Losses resulting from the unlawful taking or fraudulently induced transfer of money, securities or property through the use by a third party of a computer network and facilities either owned and operated or leased and operated by an Insured .
- Funds transfer fraud cover: Losses sustained by an insured resulting from fraudulent instructions issued to an financial institution by a third party directing them to transfer or pay or deliver money or securities from the Insured's bank account without the Insured's knowledge and consent.
- Counterfeit currency fraud cover: Losses sustained by the insured where the insured accepts in good faith and in the ordinary course of business either counterfeit currency or a postal or money order supposedly issued by the post office but not paid upon presentation.
- Credit card fraud cover: Losses sustained by an insured resulting from the forgery or alteration of any written instruction by a third party, required in connection with any credit card issued to an insured to any employee or partner of an Insured that is a partnership.
- Client cover: Losses sustained by a client resulting from theft fraud or dishonesty by an employee not in collusion with the client's directors or employees.
- Expense cover: covers investigative costs or computer violation expenses incurred in establishing the existence and amount of any direct loss in excess of the deductible.
Let Clarke & Sampson tailor a crime policy for your business.
This information is courtesy of The Chubb Corporation