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There are good reasons to consider Crime insurance from AIG

Safeguarding more than money

We protect companies because we know that the financial loss is not the only impact of fraud. Real protection understands that what’s also required may be to help retain disappointed customers and revive damaged brands and employee morale.

Guarding against the inside job

It can be hard to accept that your own staff might be stealing from you. Unfortunately, the truth is that it may be the most trusted and senior staff who have the knowledge to skirt round security and set up well-concealed fraud systems.

Crime and the global economy

Thanks to the internet, criminals can attack from anywhere in the world, making them harder to track down. They are good at keeping a step ahead of system security measures and software. Insurance provides financial support without the need to bring thieves to justice.

Experts to get to the heart of the problem

Our cover includes access to investigative experts to establish the size of the loss and how it was done. This can help free up management time at a difficult time, while speeding up the process, helping avoid similar occurrences in the future and promoting confidence as the matter is professional dealt with.

Who is it for?

Crime and Employee Infidelity is suitable for all sizes of business. SMEs are often particularly at risk, as they may lack the security and resources of larger firms.

What is covered?

Comprehensive crime cover for mid to large sized UK companies. CrimeManager Complete includes cover for employee fraud, dishonesty and fraudulent acts committed by third parties.

Fraud is not just a one-off occurrence and companies can be subjected to repeated attacks by their own employees or outsiders.  

Market

UK domiciled companies

Features & Benefits

  • As well as the Insured’s own money, securities and property the policy automatically includes that belonging to third parties for which the Insured is responsible (sublimited)
  • Covers costs of defending third party accusations of employee dishonesty – even unfounded allegations which could otherwise be costly, time consuming and disruptive (sublimited)
  • Insureds have a choice of investigative specialists to utilise – with costs covered by AIG (up to sublimits provided). This means faster claims resolution and enhanced recovery prospects.
  • Wide definition gives better protection to the Insured and addresses exposures created by a company’s decision to outsource functions previously performed internally.

Cover

  • Comprehensive crime cover incorporating employee fraud and dishonesty, and specified fraudulent acts covered by third parties
  • Care, custody and control
  • Any one loss limit of liability
  • Retroactive cover available
  • Includes all pension funds and associated and subsidiary companies of the insured
  • Fees, costs and expenses (sublimited)
  • Pre-loss consultant services (10% premium contribution)  

For financial institutions; Covers fraud, dishonesty, theft, forgery and third party computer and funds transfer fraud. Also includes cover for identity fraud and payment of loss investigation fees.

CorporateGuard Comprehensive Crime for Financial Institutions > 

PrivateEdge has been developed for private companies, for partnerships and for charities, affinity groups and other not for profit organisations. We have special policy wordings for each of these three segments reflecting the different structures and needs of each customer group.

Learn about PrivateEdge Crime cover here > 

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