New Commercial Crime cover in Australia

New Commercial Crime cover in Australia

For more information

Commercial Crime Cover

Liberty’s Commercial Crime cover is designed to protect companies from financial loss due to theft or fraud by employees or third parties.

Social engineering fraud and the ability to impersonate someone digitally to steal money is a daily occurrence in Australia and it’s an issue impacting many companies. Liberty’s Commercial Crime insurance is a broad cover that can protect companies from this kind of loss.

Liberty is one of Australia’s largest Director & Officers (D&O) Liability insurers. Protecting 2000 boards today. Commercial Crime cover is often purchased alongside D&O. This new cover enables Liberty’s clients to take advantage of this.

Standard inclusions of the policy offer protection for:

  • Internal fraud including employee fidelity that provides broad cover for direct loss from fraudulent, dishonest, malicious, or criminal acts committed by an employee or direct loss sustained by a client from fraudulent, dishonest, malicious, or fraudulent acts committed by a company’s employee
  • Forgery or alteration cover for loss due to forged or altered instruments being drawn by, or drawn upon, the company
  • Direct loss inside and outside the premises from theft, disappearance or destruction of money or securities, and loss of other property due to robbery
  • Social Engineering Fraud, Computer Fraud, Funds Transfer Fraud, Money Orders & Counterfeit Paper Currency
  • Claims and legal expenses that occur to establish the loss
  • Interest receivable or payable
  • Public relations expenses

Liberty provides a complete set of customised financial lines products – Professional Indemnity, Directors & Officers Liability, Employment Practices Liability, Statutory Liability, Cyber and Crime.

For further information Contact HDL.

The information provided in this article is of a general nature only and has been prepared without taking into account your individual objectives, financial situation or needs. If you require advice that is tailored to your specific business or individual circumstances, please contact HDL

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