Oklahoma Fidelity and Crime Insurance
Fidelity and Crime insurance coverage addresses the most common threats to organizations, including losses due to employee dishonesty, credit card forgery, computer fraud and theft, and the disappearance or destruction of property.
From trustworth employees and internal and external oversight, to risk management controls, you may believe that your company has every safeguardin place to prevent fraud. But when it comes to occupational fraud and abuse, no business is safe. Fraud can happen in any organization, large or small, at any time, so it is important to have the right Fidelity and Crime coverage.
What Businesses Need Oklahoma Fidelity and Crime Insurance Coverage?
The characteristics of employee fraud are similar regardless of where the fraud occurred and that a typical organization will lose five percent (5%) of its revenues to fraud each year.* Maintaining strong, enforceable internal controls is a priority for many organizations, regardless of their size. Yet even the best internal controls, background checks and audit practices, no matter how well conceived, frequently fall short of stopping a trusted employee from engaging in fraudulent activity. The average loss caused by employee dishonesty is $140,000 with one in every five cases reporting a loss of at least $1M.*
What Types of Fidelity & Crime Claims Are Covered?
Employee Dishonesty and Theft
Funds Transfer Fraud
Computer Fraud
Employee Fraud
Social Engineering