Fraud, dishonesty and theft by employees are major problems confronting businesses of all sizes. Crime insurance from Roanoke Trade can provide the coverage needed for a variety of exposures including:
Employee dishonesty is considered to be a criminal act committed by an employee acting alone or in collusion with others. There must be intent by the employee to cause the employer a loss and to obtain a financial benefit for the employee or someone else.
Coverage is provided for dishonest acts of employees of the named insured whether acting alone or with others. It insures against loss of money, securities, and property. Coverage may be extended to cover your ERISA obligation for employee benefit plans.
Forgery or Alteration
Forgery is generating a document or signature that is not genuine. Alteration is changing a document in a manner that is neither authorized nor intended. This coverage form insures against loss caused by the forgery or alteration of a covered item drawn against the insured’s accounts. A covered item might be a check, draft, promissory note, bill of exchange or similar instrument. Coverage may extend to defend you for refusing to pay a forged item.
Theft, Disappearance and Destruction
Theft means any act of stealing. Disappearance lacks the elements of knowing if the crime was a theft, burglary or robbery. Destruction is the damage to premises caused by a theft or attempted theft.
Section 1 of the form covers money and securities against loss by theft, disappearance, or destruction inside the premises. Section 2 covers money and securities outside the premises in the care and custody of a messenger.
Computer fraud is a specialized kind of theft where a computer is used to transfer property from inside the covered premises to a person outside those premises. This form covers money and securities and property other than money and securities.
Extortion is the surrender of property away from the premises as a result of a threat of bodily harm to someone who is, or allegedly is, being held captive. This form covers money and securities and property other than money and securities.
All Your Business Insurance Needs Are Covered with Roanoke Trade
Roanoke Trade knows the transportation and logistics industry. That’s what we do. We have the expertise, experience and products to protect your operation, employees and financial assets along with the goods in your care and custody for the clients you serve. Find out how we can provide you with the insurance programs you need to be properly protected. Please contact us at 1-800-ROANOKE or complete the Contact form located above.