Business Owners Policy
Property and general liability bundled into one policy for small and mid-sized firms.
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Crime & Fidelity
Theft by employees, forgery, and funds taken by deception.
What this cover does
Employee dishonesty is excluded from commercial property and general liability. Crime cover answers theft of money, securities and property by staff, and extends to the social-engineering frauds that now cause most of the loss — an invoice redirected, a wire approved on a convincing email.
Typically included
- Employee theft of money, securities and property
- Forgery and alteration of cheques and instruments
- Money and securities inside and outside the premises
- Computer fraud and funds-transfer fraud
- Social engineering and deception fraud, where added
- Client property in your care
Common add-ons
- Higher social-engineering sub-limits
- Cover extending to subsidiaries and temporary staff
- Third-party fidelity for client losses
- Investigation-cost cover
Questions
What people ask about crime
We are a family firm. Is this relevant?
Fidelity losses are most common where one person controls payments without a second signature. Smaller teams have fewer natural checks, which is exactly the condition the cover responds to.
Is a redirected invoice covered?
Only under social engineering or deception cover. Standard computer-fraud wording often requires an unauthorised system intrusion, and an employee who was tricked into paying authorised the transfer themselves.
Often taken together
Related cover
General Liability
Third-party injury, property damage and advertising injury claims against your business.
Read more →Quote Crime & Fidelity
Tell us what you already have and we will show you where this fits — or tell you plainly that you do not need it.