Going Beyond the Basics
A business owners policy or commercial package policy may provide a basic limit for employee theft or forgery. However, the exposures faced by a law firm are anything but basic. Chubb’s Crime for Law Firms form can be designed to address:
- Partner or Employee Theft from the firm through a wide variety of schemes
- Theft or Disappearance of Money or Securities
- Forgery
- Computer Fraud
- Funds Transfer or Wire Transfer Fraud
- Money Order or Counterfeit Currency Fraud
- Credit Card Fraud (for misuse of corporate cards)
- Theft by Partners or Employees from Clients
Industry-Specific Benefits:
- No partner exclusion – unlike many Crime policies, we specifically cover theft by an identifiable partner acting alone or in collusion with others
- Applies to Money, Securities and other property held by a partner on behalf of a client
- Coverage for acquisitions for up to 90 days
- State-of-the-art risk management services
Social Engineering Fraud Coverage
In today’s world, criminals posing as a trusted vendor, new client or employee can induce someone in the firm to part with hundreds of thousands of dollars or more. That’s why Chubb, a leader in crime insurance, created the Social Engineering Fraud endorsement for our crime insurance policies.
