Fraud insurance
also known as fidelity insurance or crime insurance, protects companies against losses caused by fraud, dishonesty, theft or forgery by employees and third parties.
Why do you need fraud insurance?
Internal fraud
Covers losses due to theft, embezzlement and cheque forgery committed by insiders.
External fraud
Covers losses due to the actions of external parties, including cyber fraud and identity theft.
Legal costs
Covers both direct financial losses and legal costs incurred in the recovery or defence of claims relating to fraudulent incidents.
Key features of a fraud policy
Customisable policies
- Allows companies to tailor cover to their specific risks and exposures.
Expert support
- Access to forensic accountants and fraud specialists to accurately assess and respond to incidents.
Cyber fraud inclusion
- Often includes protection against modern types of fraud such as phishing and online scams.