Marsh commercial crime insurance

Organisations are at risk from fraudsters both inside and outside their business. Employee fidelity losses, social engineering attacks, deepfake fraud, and physical theft all contribute to significant financial losses due to fraud every year. Marsh can support clients seeking protection against these losses through comprehensive commercial crime insurance solutions.

Commercial crime insurance reimburses organisations for direct financial loss incurred due to fraud. Marsh offers policies written on a broad, all-risks basis, ensuring coverage for all types of fraud.

While crime policies do not cover ransomware attacks, they can help protect your organisation from other forms of cybercrime. In the age of artificial intelligence, fraudsters have access to new tools that enable them to steal significant funds through the use of “fake president” frauds. In this type of scam, criminals impersonate senior managers in emails, calls, and even video calls, convincing employees to transfer funds to them.

Meanwhile, around half of crime losses stem from longstanding employees in managerial positions, or those colluding with other employees. This often allows them to avoid detection for years, as internal checks and controls, such as dual authorisation, can be circumvented.

Additionally, some policies cover the risks of physical theft, even in cases where property has mysteriously disappeared but criminality cannot be proven.

Having robust crime insurance in place complements fraud prevention measures to ensure your organisation is fully protected. It also adds a layer of protection for senior managers who may otherwise come under scrutiny following high-value losses.

Marsh commercial crime insurance

Our people

Zelda Pitman

Gavin Farrow

Jessica Luff

Marsh.com Sign in

Marsh commercial crime insurance

Our people

Zelda Pitman

Gavin Farrow

Jessica Luff