FIDELITY INSURANCE-
INSURANCE COVER AGAINST WHITE-COLLAR CRIME AND DISHONESTY BY EMPLOYEES
Increasing digitalization, automation, ever more complex business structures and processes are the reasons why more and more companies become victims of criminal actions committed either by their own employees or by third parties. No matter how good and thoughtfully implemented control systems are, there will always be a loophole which the black sheep of the company will know to exploit. Fraud, diversion, embezzlement, falsification and the like can not only lead to high costs for the company, but they can also have a long term negative impact on the relationship of trust with employees, customers and business partners. This, in the end, can be disastrous for the overall financial situation of the company. Therefore, it is indispensable to get comprehensive insurance cover by means of customized insurance concepts alongside a diligent selection of personnel in order to avoid negative effects due to fidelity losses and criminal acts.
A fidelity insurance is a bad debt insurance in the broader sense. We will work out the perfect solution for you.
TYPICAL EXAMPLES OF DAMAGE
The branch manager of a clothing store has stolen clothes for herself and manipulated the discount system for friends and family over years. A loss of about 15,000 euros was incurred.
An employee from the development department discloses product secrets to a low-price-manufacturer for money; as a consequence, the manufacturer offers products of the same quality for half the price. The damage, composed of lost profit and attorney’s fees and court fees amounts to 7.5 million euros.
Somebody orders goods worth 30,000 euros via a fake e-mail address of a major customer. Like always, the goods are delivered to the agreed address. No payment is made because the supposed buyer does not know anything about the order.
Protection in case of embezzlement, theft or acts of sabotage by an employee
Compensation for financial consequences in case of disclosure of company secrets through (former) employees
Cover in case of damage through fraud by third parties
Cover of damages of the company or of disadvantaged third parties
YOUR CONTACT:
CHRISTIAN PEDAK
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