Crime insurance for your peace of mind
When it comes to crime insurance, there is no one size fits all. The risks presented by potential criminality are often unique to each company, depending on the nature of their business.
Our experienced brokers will put together a comprehensive review of the risks you might face. We can choose different policy elements from different suppliers, create a bespoke and cost effective solution that fits your needs.
What does Crime insurance cover?
A good quality crime policy should offer more comprehensive than a standard fidelity guarantee policy as it covers direct financial loss caused by fraud and dishonesty by criminal actors or employees.
It will also cover losses made over an extended time but discovered during the policy period.
Crime insurance helps with acts related to:
- Computer fraud
- Funds transfer
- Counterfeit currency fraud
- Credit card fraud
Social engineering attacks are a growing concern
Social engineering is a modern crime that exploits our increasing reliance on technology.
For example, a criminal actor can manipulate an employee to make payments from your company into an offshore account. Although many companies think it'll never happen to them, it is becoming more common and many policies won’t cover this kind of crime because the payment has been made legitimately.
Our cover will give you the right protection should the worst happen.
Other scenarios where robust crime insurance is vital include:
- Crimes where an employee is in collusion with a third party
- Situations where losses have taken place over a long period of time, but only discovered during the policy period