Crime Insurance

Crime Insurance has been designed to protect against direct loss to the company arising from employee theft of money, securities or other  property belonging to the company or the company’s clients.

Crime Insurance, why is it needed?

Increasing numbers of businesses in the UK are experiencing some form of financial fraud. 

With perpetrators of financial crime developing increasingly sophisticated methods, companies are vulnerable to attack more than ever, regardless of the controls and fraud detection procedures that may be in place. 

Companies face losses which arise from both internal (employees) as well as external (third party) fraud exposures. Asset misappropriation, accounting fraud, fund transfer fraud, social engineering fraud and the introduction of malware are a few of the ways by which companies are targeted and can lead to damage to computers and networks.

The effect on a business can be devastating both financially and to a company’s reputation, in turn distracting management from the important tasks and primary role of running the business

Why Crime Insurance?

Crime Insurance has been designed to protect against direct loss to the company arising from employee theft of money, securities or other property of either the company or the company’s clients.

Crime Insurance can protect your assets against what can be complex and unique perils by providing comprehensive financial protection.  Costs and expenses payments for direct financial losses are amongst the benefits afforded under the policy

Cover

• Employee fraud or dishonesty as well as 3rd Party Crime
• Available on an aggregate or any one loss basis
• Client Cover
• Social Engineering Cover
• Claim Expense Costs
• Court Attendance Costs
• Criminal Damage Costs
• Identity Fraud Expenses
• Public Relations Expenses
• Telephone Fraud Costs
• Data Damage Expenses
• Commercial Disruption Costs
• Broad definition of Crime
• Warranty free policies
• Crime Insurance can be purchased as part of your Management Liability cover. Covers can be purchased for a range
  of businesses and include:
• Directors & Officers Liability Insurance (including the option of Corporate Liability cover).
• Employment Practices Liability Insurance for wrongful employment practices covering defence costs and damages.
• Pension Trustees Liability Insurance to cover the personal liabilities of Pension Trustees of a company against claims.

Speak to us today about your Crime insurance protection