Why buy a Commercial Crime policy?

  • Many, if not most, South African companies have been the victim of theft committed by their own employees.
  • Many South African companies have experienced losses as a result of third-party computer crime.
  • Cover for theft committed by an Insured’s own employees is typically excluded from most insurance policies. There are exceptions such as Money policies.
  • According to the IOL article published on 9 September 2011, Commercial crime hike ‘a big concern’, the incidence of white collar crime had increased by 76.5% since 2004.
  • The effects of the economic downturn are likely to have an ever increasing effect over the next few years resulting in dramatic increases in the level of white collar crime.
Subject: 
Commercial Crime