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Chubb Specialty Insurance
Every company, regardless of size, is a potential target for white collar crime. Experts acknowledge that this is one of the
fastest-growing, most prevalent problems facing business today. The changing economic environment, advancements in technology
and international expansion make the threat of loss more ominous than ever before.
A comprehensive Crime policy is an absolute necessity for corporate managers concerned with protecting their company's assets
today and in the future. White collar criminals may not look dangerous, but they can cause financial havoc inside a company
and destroy a business and its credibility. You can take preventative measures through the implementation of a comprehensive
risk management program, which should also include Chubb's Crime policy.
The Crime policy can provide coverage for the following:
Employee Theft: Losses of money, securities and other property cause by theft or forgery by an employee.
Premises cover: Losses sustained due to the destruction, disappearance or abstraction of money and securities within or from the client's
premises by third parties.
Transit cover: Losses sustained due to the destruction, disappearance or abstraction of money and securities outside the client's premises
by a third party, while being conveyed by the insured or any authorised person.
Depositors Forgery cover: Losses resulting from instruments which have been fraudulently drawn upon the company's accounts by a third party.
Computer Theft and Funds Transfer Fraud cover: Losses resulting from the intentional taking of money or securities through the use of a computer or fraudulent instructions
to a financial institution to transfer, pay or deliver money or securities.
Investigation Costs cover: Reasonable expenses incurred in establishing the existence and amount of any direct loss in excess of the deductible.
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