What happens if my procurement team scams me with fake invoices and vendors?
Crime insurance can cover losses from invoice fraud committed by your procurement team.
- Fake invoices
Money lost through fraudulent vendor payments.
- Employee dishonesty
Theft or misuse of company funds.
If your procurement team colludes with vendors or uses fake invoices to steal money, crime insurance has you covered. It reimburses you for the lost amount, ensuring that your business remains financially stable despite the fraud.
Back to Insurance 101What should I do if a regulator sends me a notice?
The policy helps with regulatory notices and responses.
What steps should I take if a client sends me a legal notice for not delivering on a project?
The policy helps address disputes involving the insured person (D&O) effectively.
What should I do if I am accused of breaking anti-trust laws?
The policy helps with anti-trust allegations and defence.
What should I do if I'm accused of any kind of wrongdoing?
The policy supports defence against broad accusations.
What does it mean if shareholders file a lawsuit on behalf of the company (derivative action), and how should I deal with it?
The policy provides coverage for shareholder claims.
What should I do if shareholders file a class-action lawsuit against the Board?
The policy provides support for shareholder class-action cases.
If your systems are scaling slower than your ambition, we should probably talk!
30 minutes with our team to map your insurance, security and compliance needs into one plan. No slide deck, no sales pitch.