Crime Insurance Policy

This type of insurance covers businesses and organisations for financial losses that are caused by theft, fraud, or other criminal acts.

Coverage

  • Loss of money or securities
  • Loss of property
  • Loss of business income
  • Legal fees
  • Coverage for employee theft
  • Coverage for forgery
  • Coverage for embezzlement
  • Coverage for computer fraud
  • Coverage for funds transfer fraud
  • Coverage for employee dishonesty
  • Coverage for money laundering

Costing

  • Insurance cost varies based on business size, type, coverage, and insurer's risk assessment
  • Generally, this type of insurance is affordable and offers valuable protection for businesses

Points to consider

  • Engage an experienced broker with expertise in cyber insurance before making a purchase
  • Carefully review policy terms to ensure understanding of included coverages and exclusions

Claim Process

1

Incident notification

2

Assignment of claim handler

3

Documentation and information gathering

4

Investigation & Assessment

5

Coverage determination

6

Claim settlement/negotiation

7

Remediation and mitigation

8

Thank You

Note: The claims process can vary depending on the specific circumstances and the policies.

Connect with us

Have a query? Need any assistance? We are here to help.

P&L(Preferable in excel format)