Employee Dishonesty
Crime Cover Alternative
Our Employee Dishonesty policy can be adapted to act as a Crime policy. If used in conjunction with our Commercial Combined product set then we can provide the same level coverage.
By incorporating Employee Dishonesty within our Commercial Combined policy this removes the possibility of duplicating cover and also avoids the need to obtain a stand-alone Crime policy from a specialist market.
The table below demonstrates how traditional Crime cover can be achieved:
| Traditional Crime cover breakdown | Employee | Third Party |
|---|---|---|
| Theft | Employee Dishonesty core cover | Theft / Money sections on commercial combined |
| Robbery | Employee Dishonesty core cover | Theft / Money sections on commercial combined |
| Safe burglary | Employee Dishonesty core cover | Theft / Money sections on commercial combined |
| Forgery of financial instruments | Employee Dishonesty core cover | Employee Dishonesty Extension B - cheque forgery |
| Fraudulent transfer of funds | Employee Dishonesty core cover | Employee Dishonesty Extension A |
| Corporate credit card fraud | Employee Dishonesty core cover | |
| Computer fraud | Employee Dishonesty core cover | Employee Dishonesty Extension A |
| Criminal destruction | Cover for reinstatement of data | Property Damage and Money sections Commercial Combined |
In return for an appropriate excess being applied we are prepared to consider removing the standard reference and control procedures from our policy.
If you would like to know more about how we can help or have any opportunities to explore, speak to your Norwich Union Account Manager or contact us directly.
