Crime and Employee Fidelity is suitable for all sizes of business, although SMEs are often particularly at risk as they may lack the security and resources of larger firms. At TLO Risk Services we combine a deep understanding of the Fidelity/Crime Insurance market with in depth knowledge of the Professional Risk sectors we serve.
Globalisation and technological advances have increased the risk of commercial crime. Internal employees, external fraudsters and criminals or a combination working together can lead to substantial loss. Insurance provides financial compensation and often access to investigative experts to establish the size of the loss and how it was perpetrated. This can help free up management time, speeding up the process and helping you avoid similar occurrences in the future.
Fidelity/Crime policies generally cover employee fraud and dishonesty and fraudulent acts committed by third parties and will extend to include company pension funds and the costs of defending third party accusations of employee dishonesty. There are several leading insurers specialising in this class of insurance and TLO Risk Services understand the features that each offer and can match these to your specific situation to ensure you receive competitive and appropriate insurance protection.