Crime Insurance

Protects your business against fraud by employees and third parties

Cover Built for the Way You Work

Crime Insurance protects businesses of all sizes against financial loss due to the illegal activities of employees and third parties.

COVER FOR

Internal fraud

External fraud

Theft

Loss of money and assets

What is Crime Insurance?

The amount of cover matches your risk exposure, taking into account worst-case scenarios. The excesses may be varied to reflect your ability and willingness to accept risk.

Fraud is a challenging subject and very rarely do businesses expect it to happen or see it coming. If it did happen, are you sure you can survive the financial hit to your business?

Cover can be arranged on a stand-alone basis or as a section of a Management Liability policy depending upon the size and complexity of your business and your risk profile.

KEY BENEFITS

Flexible limits of cover and excesses to meet the needs of your business

Covers legal and accounting costs associated with investigating a claim

Protects your bottom line from unexpected events

Covers loss of money and assets held on behalf of customers and associated costs

Why do you need this policy?

Here is an example:

A project manager, located interstate from head office, recruited additional staff to work on a significant new opportunity.

As work on the tender for the new deal had gone on for some time, management became concerned. After attempts to get answers, the project manager resigned, and it was found that the significant new opportunity did not exist nor did the additional staff.

The company’s claim is for the wages of the fictional staff it was duped into paying.