Crime insurance primarily concerns the cash within your business and protects a business against direct losses. Crime insurance protects a company’s financial assets from losses including employee dishonesty or theft, computer fraud or funds transfer fraud. Company crime losses are often far more complicated, and the crime insurance policies offered by insurers have widened to meet the increasing needs of businesses. One of the most common crime losses involves theft by employees with access to company cash and assets. Computer fraud and funds transfer fraud are also common, and any crime insurance should provide comprehensive cover for claims relating to theft and fraudulent transfers of cash directly from your business bank accounts.
Theft by employees is a risk to most, if not all businesses, and should always be included within a comprehensive crime insurance policy. Very few insurance brokers understand the industry as well as we do. For over a decade we have specialised in insuring and advising finance, technology and media companies about their risk. As an independent broker, we have access to a large panel of specialist crime insurers and have experience arranging crime insurance for all business types from self-employed to high-value FTSE companies and Family Offices.