Comprehensive agreements
Ten insuring agreements, worldwide territory and a broad definition of employee.
PROTECTION FOR BUSINESS ASSETS
Commercial crime insurance
Protect what your
business has built.
Commercial crime insurance that complements internal controls and addresses the financial impact of employee theft and other crime exposures.
Discuss this coverageTHE COVERAGE PERSPECTIVE
Understand the opportunity.
Employee theft is not limited to cash. Securities, raw materials, inventory, equipment and other assets can also be targets. Losses can develop over time, even where a business has controls in place.
ProRISK’s commercial crime insurance provides a broad framework of protection, with the ability to manuscript coverage extensions for a client’s specific needs.
A broad foundation for crime protection.
Beyond the organization
A broad joint assured provision for employee theft of client property, plus coverage for joint venture operations and employee benefit plans.
Flexibility for the risk
An optional longer discovery period, a $25,000 threshold for prior employee losses and the ability to tailor coverage extensions.
UNDERSTANDING THE EXPOSURE
The assets at risk go beyond cash.
Businesses in construction, forestry, mining, transportation, manufacturing, wholesale, business services and retail can face employee theft exposures.
Physical assets
Raw materials, finished goods, warehouse merchandise and equipment can all be vulnerable.
Financial processes
Payroll manipulation, fictitious suppliers, diverted receipts and concealed accounting entries can lead to loss.
Internal controls remain important. Insurance can complement those controls when individuals or groups circumvent them.
LET’S TALK ABOUT YOUR CLIENT’S RISK