Fidelity insurance (also known as Crime insurance) protects your business from loss of money, securities, or inventory resulting from crime. Common Fidelity insurance claims are a result of employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.
PSC Connect Member Brokers specialise in Fidelity insurance and have access to reputable insurers as well as the expertise and experience to ensure that your business is covered against the losses that may occur as a result of criminal activities.
These criminal activities involve every possible angle, taking advantage of any potential weakness in your company’s financial controls. From fictitious employees, dummy accounts payable, non-existent suppliers to outright theft of money, securities and property. Fraud and embezzlement in the workplace is on the rise, occurring in even the best work environments.
Fidelity insurance falls into two broad categories:
- money and security coverage pays for money and securities taken by burglary, robbery, theft, disappearance and destruction.
- employee dishonesty coverage pays for losses caused by most dishonest acts of your employees, such as embezzlement and theft.
Because crime-related losses are not typically covered by most property insurance policies, crime protection insurance is a necessary component for any business. Unfortunately, the majority of businesses don’t purchase enough crime protection.
PSC Connect Member Brokers can provide a range of covers for your business to protect against criminal act, including:
- Employee Theft
- Premises cover
- In Transit cover
- Forgery cover
- Computer Fraud cover
- Funds Transfer Fraud cover
- Counterfeit Currency Fraud cover
- Credit Card Fraud cover
- Client cover
- Expense cover.
Our experienced PSC Connect Member Brokers can help you get the right insurance cover by assessing your specific needs and recommending the best value insurance solution for your business, whilst still maintaining the highest standard of cover.