Even companies that conduct strict background screenings, employ fraud detection systems and implement strict internal controls can be vulnerable to losses if a well-meaning employee is duped by a criminal posing as a supplier, new client or fellow employee. Get the protection you need from Chubb, a leading provider of crime/fidelity insurance.
Social Engineering Fraud Insurance Coverage Highlights
- Provides added protection when strong controls still fall short
- Available as an endorsement to the Crime Insurance policy
- Insures a range of social engineering fraud losses, including:
- Vendor or supplier impersonation
- Executive impersonation
- Client impersonation
- Full carve back to the voluntary parting exclusion
- Broad all-risk language wherein loss does not have to occur through use of computer, email or phone
- Streamlined supplemental application
- No requirement for vendors and suppliers to carry crime or fidelity insurance to trigger coverage
- Coverage is available up to $250,000 per occurrence, with no annual aggregate, though higher limits can be considered with additional underwriting.
