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There are good reasons to consider Crime insurance from AIG

Safeguarding more than money

We protect companies because we know that the financial loss is not the only impact of fraud. Real protection understands that what’s also required may be to help retain disappointed customers and revive damaged brands and employee morale.

Guarding against the inside job

It can be hard to accept that your own staff might be stealing from you. Unfortunately, the truth is that it may be the most trusted and senior staff who have the knowledge to skirt round security and set up well-concealed fraud systems.

Crime and the global economy

Thanks to the internet, criminals can attack from anywhere in the world, making them harder to track down. They are good at keeping a step ahead of system security measures and software. Insurance provides financial support without the need to bring thieves to justice.

Experts to get to the heart of the problem

Our cover includes access to investigative experts to establish the size of the loss and how it was done. This can help free up management time at a difficult time, while speeding up the process, helping avoid similar occurrences in the future and promoting confidence as the matter is professional dealt with.

Who is it for?

Companies of all size and industry. Our Crime product is tailor made to suit associations, commercial public and private companies as well as financial institutions.

What is covered?

  • Theft of Physical Money or Securities
  • Theft of Electronic Money or Securities through Funds Transfer Fraud
  • Theft of Assets through Computer Crime
  • Destruction or Disappearance of Physical Money or Securities
  • Forgery Coverage
  • Alteration Coverage
  • Counterfeiting Coverage
  • Credit Card Fraud Coverage

 

Extensions

  • Use of Investigative Specialists
  • Reconstitution Costs
  • New Entities – Newly Created or Acquired 
  • Contractual Penalties
  • Interest Receivable or Payable
  • Care, Custody & Control
  • Safe Burglary

 

Main Exclusions

  • Inventory computation
  • War, terrorism, radioactivity
  • Proprietary information, trade secrets and Intellectual Property
  • Extortion, Kidnap or Ransom
  • Directors and Partners
  • Major shareholders
  • Indirect or consequential loss
  • Fire
  • Fines, penalties or damages
  • Fees, costs and expenses
  • Voluntary exchange or purchase
  • Loss sustained after knowledge of prior acts of theft or fraud

This site only contains an overview of the most important coverages and exclusions. Only the general and specific  conditions (“Insurance Policy”) provide an accurate, binding, description of the covers and exclusions.

It is necessary to fully analyse the Insurance Policy, as well as all other relevant documents with contractual and pre-contractual information before any decision to buy, underwrite, adhere to, accept, sign or conclude an insurance agreement.

Important Information

Here you will find information about how to request a quote with detail of premium calculation, the general and specific conditions, and/or other relevant documents with contractual or pre-contractual information, the duration of the insurance policy, the applicable law and jurisdiction, how to file a complaint or reach the ombudsman, etc.