Commercial Crime Insurance

Our Commercial Crime product provides cover for a wide range of illegal activity by both employees and external actors.

Core and optional covers

• Employee dishonesty (core/compulsory)
• Third-party computer fraud (optional)
• Forgery (optional)

Cover highlights

• Employee dishonesty covers business assets against employee fraud and dishonesty, regardless of whether the employee is acting alone or in collusion with others
• There is no requirement to identify employees, provided there is reasonable evidence the fraud or dishonesty was caused by an employee
• Provides cover for all employees, including any individual under a work experience or similar scheme, as well as temporary agency staff and those hired from another employer
• Can also provide cover for: losses from any employee pension or benefit fund set up by the insured; investigation costs to establish the extent of any covered loss; the costs of renting temporary replacement equipment and temporary premises; the costs of additional external workforce following a loss

Available policy wordings

• Any one claim - Limit of indemnity as stated in the policy schedule will be the maximum liability payable for each single covered loss
• Aggregate - We will not pay more than the limit of indemnity in respect of any one loss discovered in any one period of insurance, nor more than the aggregate limit of indemnity

See ‘Commercial Crime documents’ for full policy terms and conditions.