Fidelity/Crime

Fidelity/Crime Insurance protects organizations from loss of money, securities, or inventory resulting from crime. Common fidelity/crime insurance claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud & counterfeiting.

Schemes involve every possible angle, taking advantage of any potential weakness in a company's financial controls and usually occur over a period of time, including creating fictitious employees, dummy accounts payable, non-existent suppliers and outright theft of money, securities and property. Fraud and embezzlement, among other white-collar crimes in the workplace are not covered by the usual business property policy.