Commercial Crime

Core Cover

1. Employee crime cover
2. Third Party crime cover to include:

• Cheque forgery
  
• Computer fraud
  
• Corporate card fraud
• Funds transfer fraud
• Imitation fraud
• Loss of money, securities or property

Other Features

• KPMG risk management services available up to a pre-determined amount
• Broad definition of employee to include cover for ex-employees and employees of outsourced functions such as legal services
• Automatic subsidiary cover available for newly created or acquired subsidiaries during the policy period
• Broad definition of insured entity to include pension funds and subsidiaries
• Full retroactive cover available

Additional Benefits

• Damage, destruction or disappearance of money and securities
• Damage to property as a result of crime committed within the premises of the insured
• Contractual and regulatory penalties enforced against the insured which is insurable at law
• Interest receivable or payable resulting from a loss covered by the policy
• Fees, costs and expenses including legal fees, investigative specialist fees, reconstitution costs and reputation recovery costs
• Care, custody and control which the insured is liable for to an individual or organisation in the event of a loss
• Automatic subsidiary cover for new subsidiaries
• Bilateral discovery period of 90 days at no additional premium
• Pre-loss consultant services to assist in risk management