Business Fraud Insurance

A new standalone fraud insurance product is now available to help businesses combat the rise in employee fraud and external scams.

The new product covers internal fraud by employees, such as bribery, embezzlement and misappropriation or theft. It also covers external fraud including robbery, burglary, intercepted payments, payments made on the basis of a forged ‘order’, and impersonation fraud.

Brief cover summary:

• Cover for losses caused by own employees, including external workers, temporary staff as well as lawyers, tax consultants and auditors working for the company, through theft, fraud, embezzlement or damage to property;
• Cover against losses due to certain types of social engineering, i.e. fraud committed by assuming a false identity;
• Cover for certain losses caused by third parties through acts of robbery, burglary, payment diversion and forged invoices;
• Cover costs for the continuation of business operations up to 6 months after the occurrence of the event of loss.

Contact us if you need any more information or would like a quotation.