Crime Insurance

Berkley Canada provides comprehensive Crime/Fidelity coverage to all classes of commercial and mercantile companies, and financial institutions to ensure they are protected from extraordinary financial loss due to employee theft.

Target Risks or Classes

All classes of Commercial/Mercantile business
Financial institutions

Capacity

$10 Million

Primary or Excess 

Primary, Excess, and Quota-Share Capacity

Policy Highlights

• Ability to write U.S. exposure
• Broad definition of employee, including:
    - Retired employees
    - Students gaining work experience
    - Temporary personnel
    - Terminated employees up to 60 days
• Coverage for loss caused by unidentifiable employees
• Worldwide territory
• Automatic coverage for newly acquired subsidiaries - threshold: 20%
• Coverage for all employee benefit plans
• Discovery Period: 60 Days
• Additional coverage includes:
    - Third party and funds transfer fraud coverage
    - Computer program & electronic data restoration expense coverage
    - Credit card forgery coverage
    - Audit expense coverage

 

Contact an Underwriter

Click here