Crime insurance

Crime insurance is never one-size-fits-all. Companies have wildly different exposure levels to potential criminality, with so many different factors at play
 

That’s why it pays to get an experienced broker to review your unique situation. Often we choose different policy elements from different suppliers, building them into a package that accurately caters for your real needs – including the all-important requirement to be highly cost-effective.

What does Crime insurance cover?

A good crime policy covers direct financial loss caused by fraud and dishonesty by: 

  • non-employees (criminal actors) 
  • employees 

It will also cover loss perpetrated over an extended period of time but discovered during the policy period. 

Crime insurance helps with crimes related to: 
  • On-premises
  • In-transit
  • Forgery or alteration
  • Computer fraud
  • Funds transfer
  • Money orders and counterfeit currency fraud
  • Credit card fraud
  • Client property coverage

Social engineering cover – many policies miss this

Social engineering is a modern crime that takes advantage of our increasing reliance on technology.

For example, a criminal actor can use deception to manipulate an employee to make a payment from your company into an offshore account. Many buyers think that will never happen to them. But it does happen, frequently.

Many policies won’t cover this, because the payment has been made legitimately - in the bank’s eyes, it’s real. We can make sure you are covered. 

Scenarios where robust crime insurance is important  

•    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 
•    Cybercrime 

46% of companies in APAC region suffered economic crime in the last two years

The most common crimes* are asset misappropriation, cyber crime, procurement fraud, bribery and corruption.

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Let's talk about crime

Let's talk...

+852 2877 2238

We'll put you in touch with the person best equipped to help.

Call us on +852 2877 2238 or drop us a quick message and we'll get back to you asap

Visit us at: 35/F Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong