Crime/Fidelity Insurance

Employee theft causes significant losses to Canadian business and, if under-insured, can even result in bankruptcy. We offer nine broad insuring agreements covering:

• Employee dishonesty
• Forgery or alteration - includes forged electronic signatures
• On premises
• In transit
• Money orders and counterfeit paper currency fraud
• Computer fraud and funds transfer fraud
• Client property coverage
• Credit card coverage
• Expense coverage - includes audit expense coverage and data restoration expense

Broad definition of employee:

This includes:

• Part-time and seasonal employees
• Volunteers, students, consultants, retirees and trainees
• Sixty day post termination

• Per loss language (no policy aggregate limit of liability)
• Automatic coverage for employee benefit plans
• Coverage for theft by unidentified employees
• Automatic subsidiary coverage with 25% threshold
• 60 Day notice of cancellation
• 60 Day discovery period
• "Unlawful taking" language
• No general aggregate
• Option to include sublimit for Fraudulent Instructions Coverage (aka Social Engineering Coverage)

Limits up to $25M