Important Benefits of Having a Commercial Crime Insurance Policy

Many employers may believe that they are not targets for criminals, but this kind of inattention or negligence can lead to devastating losses. Regardless of size or industry, a commercial crime insurance policy is a layer of security that all organisations should consider.

Commercial crime cover provides protection and recoups losses in the event that money, property or funds are stolen from an organisation. This insurance covers a wide variety of crimes. Some specific examples of incidents that could befall an organisation, but would be covered under a commercial crime policy, include:

  • Employee crime—Losses or damages related to money or other property being stolen by employees via theft or forgery
  • Fraudulent transfers—Losses or damages stemming from a perpetrator either conducting or arranging a fraudulent transfer of goods or funds
  • Social engineering—Losses or damages caused by a criminal impersonating a person of authority—such as a senior leader—and using their influence to steal money or property
  • Forgery or alteration—Losses or damages related to cheques or promissory notes being forged or altered

Talk to us today about Commercial Crime Insurance solutions.

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