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Commercial Crime Protection
Fraud is rising dramatically with the value of cases in the UK alone reaching over £700m in 2004. It is more important than ever for all organisations to take a critical look at how they manage their business and to examine their potential exposures, both internal and external. Together with robust risk management, ACE's comprehensive crime and fidelity products can help to protect companies against the growing threats from dishonesty and fraud.
Product Highlights
- Dishonesty of employees including losses by unidentified employees
- Theft loss covered on premises or in transit
- Coverage against receipt of counterfeit negotiable instruments
- Issue or receipt of forged cheques, credit cards or bills of exchange
- Theft of property of funds by computer fraud
Special Features
- Each and every loss limits can be offered
- World-wide jurisdiction for world-wide companies
- Innocent non-disclosure of material information will not invalidate coverage
- Unlimited retroactive dates can be offered, we will only exclude losses discovered prior to the policy's commencement
- Discovery period of up to 24 months can be offered
- Automatic coverage for new subsidiaries and automatic run off coverage for subsidiaries sold during the policy
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