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Crime Insurance for Growth Enterprises

Crime Insurance offers easy, affordable broad coverage that reimburses businesses for losses due to employee dishonesty. Coverage responds to a wide range of losses, including those resulting from forgery or alteration, theft of money and securities, robbery and safe burglary and computer fraud.  Crime Insurance is designed to enable small businesses to secure essential protection cost-efficiently, with high limits of coverage and low minimum deductibles.

Features and Benefits Back To Top
  • No additional charge for covering the Insured's ERISA plans
  • Broad definition of "Employee"
  • Addresses loss of corporate assets arising from both criminal activity and traditional fidelity perils
  • No restrictive Manifest Intent wording
  • No arrest and convict clause
  • Use the simplified FlashQuote Crime Insurance Application to obtain quotes quicker and easier for eligible low risk accounts
 
Claims Back To Top

To report a Crime Insurance claim, download our claim reporting form and submit it via one of the following methods:

Mail: c-Claim for Financial Lines 
        175 Water Street, 9th Floor
        New York, NY 10038

Fax: 866-227-1750

Claim Scenarios:

Alteration of Payees on Outgoing Checks
An Accounts Payable Clerk at an advertising agency altered the payees on outgoing checks and deposited them in his personal bank account, eventually embezzling nearly $1 million. His actions were disguised as ‘volunteered’ to take on the added responsibility of picking up the company’s mail, thereby allowing him to intercept the company’s bank statements.

Theft By Employees
A number of former warehouse employees conspired to remove finished computers from one of the company's storage facilities. Discovery of the loss occurred when the company's products were found being sold through unlicensed dealers in Europe.

Fraudulent Invoices In Collusion With An Outside Vendor
An advertising manager at a retail company acted in collusion with an outside vendor to create fraudulent invoices for the purchase of paper to printing newspaper inserts over a five year period. The loss exceeded $3.4 million.

Billing For Services Not Provided
Three senior managers conspired with an outside electrical contractor to bill for services not provided and to overcharge for services rendered. The three employees received kickbacks in a scheme that lasted over 15 years. The loss exceeded $3 million.

Submission of Fake Invoices for Unsupplied Goods and Services
Four employees of a construction contractor conspired with three non-employees to submit fake invoices for goods and services not supplied to the contractor. The company suffered a loss of approximately $600,000.