Fidelity Liability

Fidelity (Crime) Liability insurance

Protect Company & Plan Assets from Theft, Fraud & Social Engineering

Crime (Fidelity) Insurance protects your company (and, where applicable, your benefit plans) from financial loss caused by employee theft, forgery, computer and funds transfer fraud, social engineering, and robbery/burglary. Modern financial crime is a blend of internal fraud and external threat vectors (business email compromise, vendor impersonation, invoice manipulation). Defense, recovery, and forensic costs add up quickly—coverage ensures your operations and liquidity are protected.

Protect your cash, receivables, and plan assets from modern fraud and employee dishonesty. We build Crime programs that reflect your payment processes, vendor controls, and liquidity profile—so a single incident doesn’t become a balance‑sheet event.

Why Fidelity Liability Matters

And Who Needs Coverage

Every employer wants to stand behind the team they’ve built; however, stopping dishonest acts by employees is impossible, so protecting against them is essential. Below outlines specific reasons fidelity (crime) liability insurance matters, and who needs its protection.

High‑frequency, high‑severity

Business email compromise (BEC) & funds transfer fraud remain frequent & costly—often exploiting process gaps rather than technical vulnerabilities

Internal controls are necessary but not sufficient

Even organizations with strong segregation of duties face risk via collusion or vendor impersonation

Liquidity protection

Crime losses are direct hits to cash & working capital; recovery is uncertain without dedicated coverage

Vendor Ecosystems

As AP/AR digitizes, third‑party & outsourced processes increase exposure to manipulation & spoofing

Who Needs Coverage

Public & Private Companies with cash‑intensive operations, distributed approvals, or high vendor volume.
Not‑for‑Profits managing grants, donations, or chapter funds
Financial Institutions & Professional Services handling client funds or trust accounts
Plan Sponsors requiring ERISA fidelity bonds, & seeking broader crime coverage for the company & plans

Fiduciary Coverage Overview

Coverage Components

Core Insuring Agreements

Employee Theft / Employee Dishonesty (Including ERISA Plan Assets) : Direct loss of money, securities, or property caused by an employee’s fraudulent or dishonest acts
Forgery or Alteration : Loss from the forgery or alteration of checks, drafts, or promissory notes
Inside the Premises (Theft of Money & Securities) : Theft, disappearance, or destruction at your premises; damage to a safe or vault
Outside the Premises : Loss while in the custody of a messenger or armored vehicle company
Computer Fraud : Direct loss due to fraudulent entry or change of data or programs, or transfer of money/securities via computer
Funds Transfer Fraud : Unauthorized instructions purporting to be from the insured that cause a financial institution to transfer funds
Money Orders & Counterfeit Currency : Loss caused by acceptance of counterfeit money or fraudulent money orders

Optional Enhancements

Social Engineering Fraud / Fraudulent Impersonation (vendor, CFO, or client spoofing)
Client Property (loss sustained by a client due to your employee dishonesty)
Credit/Debit Card Fraud

Note

A Fidelity (ERISA) Bond is legally required for many qualified plans & protects plan assets from theft; a Crime policy is broader—protecting the company (& optionally the plan) from a wider set of fraud & theft perils.