Crime Insurance | Master Builders Insurance Brokers
Protects your business against fraud by employees and third parties.
Loss of money and assets
What is Crime Insurance?
Crime Insurance protects businesses of all sizes against financial loss due to the illegal activities of employees and third parties.
The amount of cover matches your risk exposure, taking into account worst-case scenarios. The excesses may be varied to reflect your ability and willingness to accept risk.
Cover can be arranged on a stand-alone basis or as a section of a Management Liability policy depending upon the size and complexity of your business and your risk profile.
Why do you need this policy?
Here's an example:
A project manager, located interstate from head office, recruited additional staff to work on a significant new opportunity.
As work on the tender for the new deal had gone on for some time, management became concerned. After attempts to get answers, the project manager resigned, and it was found that the significant new opportunity did not exist nor did the additional staff.
The company’s claim is for the wages of the fictional staff it was duped into paying.