Fraud Doesn’t Just Happen—It Goes Undetected. Do You Have a Safety Net?
Corporate fraud is a growing risk, and businesses often don’t realize it’s happening until it’s too late. Internal misconduct, cyber scams, and financial fraud can lead to massive financial and legal liabilities. Without Fidelity Bonds Insurance, your company could suffer irreversible damage.
How Crime Insurance Protects You:
Computer & Fund Transfer Frauds
Altering a program and instruction leading to loss of monies is a common. Most losses occur due to fraudulent funds transferred to wrong recipients. These can also result from an impersonation of vendors or seniors giving instructions.
Forgery Or Alteration Fraud
Traditional fraud was likely to be resulting from a forged document or instrument realized by an authorized person. Losses caused due to forgery of incoming cheque or instrument are also covered by a comprehensive crime cover.
Counterfeiting and Card Frauds
Losses can be caused by counterfeited currency, security certificates, corporate cards and forex. Usually such frauds may also go undetected for substantial periods of time and cause large losses to the company exposed to such fraud.
Premises and Theft Cover
A theft can be committed on monies, securities or property which is either owned by the company or that which the company may be legally liable. A damage to premises, deposits and lockers caused during a housebreaking are also covered.
Loss to Third Parties
Many businesses require employees to operate from a client premises. They may have a client property, monies or securities in their Care custody or control. The policy covers the risk when a client or a third party incurs a loss due to you.
Investigation and Other Costs
A crime event can lead to different kind of expenses. Fees of an investigation specialist or that of a defense counsel to defend any legal suits are usual. Employee benefit plan losses and associated iabilities can also be insured by Crime insurance.
