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What is Crime Insurance?
Crime
Insurance protects organizations
from loss of money, securities, or
inventory at the hands of their
employees.
In its 2006 Occupational Fraud &
Abuse Report, the Association of
Certified Fraud Examiners reported:
The average organization loses 5% of
its total annual revenues to fraud
and abuse committed by its employees
— on average more than $9 per day
per employee.
Private businesses are just as
vulnerable as public companies. The
median loss for private companies
was $210,000.
Common Allegations:
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Employee dishonesty
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Embezzlement
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Forgery
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Robbery
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Safe burglary
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Computer fraud
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Wire transfer fraud
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Counterfeiting
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Other criminal acts
Crime Claims Examples
Securities offered through Purshe Kaplan Sterling Investments,
Member FINRA/SIPC, Headquartered at 18 Corporate Woods Blvd., Albany
New York 12211.
www.finra.org
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