Specialty Insurance

Commercial Crime Insurance Policy

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 adstraction 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  • Superseded deductible cover: If a loss is partly covered by HDFC ERGO and partly under a prior policy and the prior insurer has applied a deductible, then the deductible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
  • 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.