Commercial Crime Insurance provides protection from financial losses related to business-related crime, including fraud, theft, forgery, dishonesty of employee and electronic crime. Crime policy is the perfect alternative to a standard Fidelity Guarantee cover and will fill the gaps and shortfalls that may exist.

How can you be at risk?

You are exposed to risk when a crime is committed by an Employee (Internal) or any other person (External), you might not only lose your money (first-party loss), but also money in your care custody and control (third-party loss).

How do we protect you?

By providing coverage for:

• Employee Dishonesty and Fraudulent acts committed by any other person
• Forgery or alteration of Cheques, Drafts, Promissory Notes or similar instruments
• Theft of Money and Securities on and off the insured’s premises or a financial institution’s premises (in your care, custody and control)
• Computer and Funds Transfer Fraud by way of fraudulent entry or change to electronic data or computer programs
• Money Orders and Counterfeit Money accepted in good faith in exchange for goods or services
• Legal fees, Investigative Specialist and Claims Preparation Costs
• Fake President Fraud/Social Engineering Fraud*/ Impersonation Extension can be provided upon satisfactory review/assessment of underwriting information and at an additional premium

 
*Social Engineering is the art of pretending or pretexting to be another person with the goal of gaining access to a system or manipulating someone to obtain money fraudulently. It can be done by sending fraudulent e-mails to instruct funds transfer.