White collar crime is a reality in today’s business world. And the best protection
against this threat is a strong system of internal controls allied with the robust,
comprehensive coverage provided by HDFC ERGO Crime Insurance.
- Employee Theft Coverage: Loss of money, securities or other property
by theft or forgery by an identifiable employee of the Insured.
- Premises Coverage: Losses from destruction, disappearance, wrongful
abstraction or computer theft of money or securities from the Insured’s premises
by third parties.
- Transit Coverage: Losses from destruction, disappearance, wrongful
abstraction of money or securities outside the Insured’s premises by a third party,
while being conveyed by the Insured, an armoured motor vehicle company or any person
authorised by the Insured.
- Depositors Forgery Coverage: Losses from instruments such as cheques
fraudulently drawn on the Insured’s accounts by a third party.
- Computer Fraud Coverage: An extension to cover losses sustained
by the Insured due to computer fraud by a third party including cover for expenses
incurred by the Insured due to a computer violation.
- Four insuring clauses with a computer fraud extension available to those who qualify
backed by an aggregate limit of liability
- The policy can be terminated by written notification in accordance with the terms
and conditions
- Broad definition of “employee”, including cover for temporary personnel hired from
an agency
- Employee benefit plans coverage available
- Superseded deductible cover: If a loss is partly covered by HDFC ERGO and partly
under a prior policy and the prior insurer has applied a deductible, then the deductible
HDFC ERGO applies will be reduced by the amount of the previous insurer’s deductible
- Coverage for prior losses available provided that the Insured purchased prior, continuous
and uninterrupted fidelity or bond insurance policies from a previous insurer
- Coverage available for operations in designated territories
- Premium depends on assessment of the risks based on information provided by the
organisation
- Losses due to war, civil war, insurrection, rebellion, revolution, military action
or governmental intervention or expropriation
- Losses caused or contributed to by the theft or fraud of the Insured’s partner
- Loss involving the cost of reproducing any information contained in lost or damaged
manuscripts, records, accounts, etc.
- Expenses incurred by the Insured in establishing existence or amount of any covered
loss
- Loss of income
- Loss of trade secrets
- Fees or expenses in prosecuting or defending any legal proceedings
- Loss, unless reported, in accordance with the provision of the policy regarding
notification of loss
- Losses not reported within sixty (60) days of the policy’s termination or within
one (1) year of voluntary liquidation/dissolution of the Insured
Please refer to the policy terms and conditions for specific exclusions applicable
to employee theft coverage, premises coverage, transit coverage, depositors forgery
coverage and claims procedures.
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