Some companies with a high staff turnover or in the midst of a difficult restructuring process are definitely susceptible to fraud lurking behind the scenes. However, all organisations have to take this issue into account. The more complicated an organisation is, the higher the risk. Anywhere where ICT is business critical, damage caused by fraud is lurking around the corner.
What does fraud insurance cover?
Fraud is particularly annoying because the damage has a direct impact on your business performance, while shattering confidence in your company and hurting your reputation. Fraud insurance has to face up to the risks.
That is why we advise you to opt for a policy that covers any material loss caused by fraud, including the costs incurred for restoring your company's image and other resulting damage. The coverage applies starting from the day when the fraud is discovered.
You may extend the cover with insurance for the investigation costs, data reconstruction costs, crisis management and communication, ...
