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Executive Protection Portfolio Crime Insurance

No company is immune to crime losses.

Mergers, acquisitions, downsizing, restructuring, rapid expansion, and globalization have increased the challenges of maintaining a strong system of internal controls. Likewise, the expansion of computers has drastically changed the speed with which fraud can occur.

As a result, employee theft is on the rise. The Association of Certified Fraud Examiners (ACFE), in its 2006 Report to the Nation on Occupational Fraud and Abuse, estimates that fraud costs U.S. businesses more than $650 billion annually. The cost of fraud comes right off a company's bottom line. Purchasing schemes involving kickbacks, accounts payable fraud involving ghost vendors, payroll and check fraud, or inventory theft can reduce corporate profits by millions of dollars.

In response, Chubb offers Executive Protection Portfolio Crime Insurance. Our comprehensive policy incorporates features designed to provide maximum insurance to companies that suffer an employee theft loss.

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