Fidelity / Crime coverage
Fidelity / Crime coverage includes employee dishonesty, forgery or alteration, on premises, in transit, money orders and counterfeit paper currency, and computer fraud and funds transfer fraud.
Companies across all industries are relying more and more on outsourcing and the use of independent contractors and consultants to perform duties normally performed by employees. Common areas of outsourcing are clerical functions, accounting and information technology (IT) management.
3rd PARTY CRIME COVERAGE
The above situations are examples of 1st Party Crime coverage. However, Crime coverage can also include 3rd Party coverage. This would provide coverage to your clients, for example, if one of your employees stole money or property from your client’s site. Coverage for 1st Party Crime and 3rd Party Crime can be purchased separately or together. Many IT consultants are required to carry at least 3rd Party Crime coverage to satisfy contractual requirements when employees work on a client’s site.
Custom Coverage at a Competitive Price
Many businesses view their insurance agent as a “vendor”. That is not us. We are a “guide” in helping you navigate the complex world of Insurance & Risk Management. Here are the 3 ways you can get started with us now: