The very nature of financial institutions makes them a target for crime originating from both within and outside the organization. Even the most prepared can be vulnerable. In response to these threats we have created a comprehensive crime insurance package, including:

• Dishonest acts of employees
• Documentary fraud
• Electronic or telephonic fraud
• Physical loss or damage to property or premises
• Extortion
• Data breach costs, software removal or reconstitution costs, legal and audit costs
• Automatic coverage for newly acquired subsidiaries with no size threshold
• Corporate identity fraud costs
• Liability for incomplete transactions
• Stop payment order liability
• Physical loss of or damage to canceled checks, canceled drafts or canceled credit card receipts
• Theft via erroneous transfer
• Loss of subscription rights
• Social engineering cover included as standard
• Liability for interest that would have accrued to a customer of the insured but did not as a direct result of a loss covered under this policy
• Automatic reinstatement of limit.

Limits

Up to US$25m

Target market

A broad range of financial institutions can benefit from Beazley’s specialized crime cover, including:

• Banks
• Investment managers
• Insurance and reinsurance companies
• Stockbrokers
• Stock exchanges
• Clearing houses
• Regulated marketplace lenders.

Territories

Worldwide coverage