KRAUTER & COMPANY

P r o d uc t s
FIDELITY & CRIME
UNDERSTANDING FIDELITY & CRIME

Fidelity insurance protects organizations from loss of money, securities, or inventory

resulting from crime. Common Fidelity claims allege employee dishonesty,
embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud,
counterfeiting, and other criminal acts. Liabilities covered by crime insurance usually fall
into two categories, although many polices combine both types of coverage:

Money and Security Coverage pays for money and securities taken by burglary,
robbery, theft, disappearance and destruction.
Employee Dishonesty Coverage pays for losses caused by most dishonest acts of
your employees, such as embezzlement and theft

According to a leading international accounting firm:

80 percent of workplace crime is carried out by employees

One in four employees has either committed or witnessed workplace fraud and
abuse
One in four employees committing fraud against their employer has been with
the company for more than 10 years
Only one in three of those who have witnessed a workplace crime bother to
report it

WHY KRAUTER FIDELITY & CRIME ?

Most business insurance policies either exclude or provide only nominal amounts of
coverage for loss of money and securities as well as employee dishonesty exposures.
The American Management Association has estimated that employee dishonesty causes
as much as 20 percent of the nation's business failures. Krauter & Company has the
knowledge and experience to identify a company and exposure to these risks and
implement a comprehensive program of coverages, including:

Employee theft
Money and securities while on premises or in transit
Forgery
Funds transfer fraud
Computer fraud
Money order and counterfeit currency fraud
Credit card fraud
Optional client coverage
Coverage for investigative costs for covered losses
KRAUTER & COMPANY
P r o d uc t s
Responds to Employee Retirement Income Security Act of 1974 (ERISA)
plan bonding requirement
Broad definition of employee, including directors and officers;
employees, including part-time, leased, temporary, and seasonal
employees; and volunteers
Worldwide coverage

MORE INFORMATION? CONTACT US.

For more information about Krauter & Company’s Fidelity & Crime capabilities and
professionals, send your request to: info@krautergroup.com.