Crime

Crime insurance protects companies from theft of assets, such as cash, wire transfers, fraud, and forgery.The Crime policy can provide coverage for the following:

  • Employee Theft:- Pays for loss of money, securities and other property caused by theft by an employee
  • Forgery or Alteration:- Pays for loss involving checks, drafts, promissory notes, or similar written promises when the orders or directions to pay the sum in money is as a result of forgery and/or alterations
  • Theft, Disappearance and Destruction:- Pays for the loss of money and securities inside your premises or a banking premises when the loss is caused by theft, disappearance or destruction
  • Robbery and Safe Burglary: - Pays for a loss due to an actual or attempted robbery of property other than money and securities inside and outside the premises. Property other than money and securities is covered while outside the premises and only in the care and custody of a messenger. Coverage inside the premises is for loss or damage resulting form robbery of a custodian or from safe burglary.
  • Computer Fraud: - Pays for loss or damage to money, securities, and other property resulting from the use of any computer to fraudulently cause a transfer of that property from inside the premises, or banking premises, to someone (other than a messenger) or somewhere outside the premises.
  • Funds Transfer Fraud: - Pays for losses resulting from the intentional taking of money or securities through fraudulent instructions to a financial institution to transfer, pay or deliver money or securities.
  • Money Orders and Counterfeit Paper: - Pays for losses resulting from your having accepted in good faith, in exchange for merchandise, money or services, money orders that are not paid upon presentation or counterfeit paper currency that is acquired during the regular course of business.Faithful Performance of Duties:- Pays for a loss from the failure of an employee to perform duties prescribed by law, if the failure to perform has a direct and immediate loss of money, securities and other property
  • Investigation Costs: - Pays reasonable expenses incurred in establishing the existence and amount of any direct loss in excess of the deductible.