Your business’s cash flow, investors’ confidence, your reputation and your employees’ morale can all be impacted by fraud. This often isn’t a once off occurrence and companies can be subject to repeated instances of fraud committed by their employees, business partners and sometimes a collusion of both.
Besides offering complete, comprehensive insurance cover we work together with you to assist you with post-loss investigative specialists and offer advice of possible preventative measures to secure your company in the future.
Features and Benefits
- Extensive policy wording provides broad coverage against direct financial loss.
- Operates on claims discovered in the policy period basis, irrespective of when the act occurred.
- Automatically included others' property in Insured's care, custody and control.
- Automatically included fees, costs, expenses and legal fees.
- Automatically included use of investigative specialists.
- Automatically included money and securities.
What is covered?
- Comprehensive crime cover incorporating employee fraud and dishonesty and specified fraudulent acts committed by third parties.
- Ability to offer any one loss limit of liability.
- Retroactive cover available.
- Includes all pension funds and associated and subsidiary companies of the insured.
- Extensive definition of employee including ex-employees and employees of outsourced administrative functions.
Commercial Crime policies are short-term products and are underwritten by AIG South Africa Limited, FSP No: 15805