Protects against losses from employee theft, embezzlement, social engineering fraud, and funds transfer fraud.
For digital asset companies, crime coverage is essential — and extraordinarily difficult to place. Most carriers exclude cryptocurrency holdings entirely. We've placed crime coverage for exchanges and custodians through our direct Bermuda and Lloyd's relationships.
Employee Theft: Covers direct losses from dishonest employee acts.
Social Engineering: Fraudulent impersonation and invoice manipulation schemes.
Funds Transfer: Unauthorized electronic transfers — critical for any company processing payments.
Crime insurance covers direct financial loss from employee theft, embezzlement, forgery, social engineering fraud, and unauthorized funds transfers. Fidelity bonds specifically protect against dishonest acts by employees. It is distinct from cyber insurance, which covers data and network events.
Many base crime policies exclude or sublimit social engineering — where an employee is tricked into wiring funds to a fraudster. We make sure social engineering and funds-transfer fraud are covered at meaningful limits, not buried in a token sublimit.
This is one of the hardest placements in the market — most carriers exclude cryptocurrency entirely. We have placed crime and specie coverage for exchanges and custodians through our direct Bermuda and Lloyd's relationships.
Any company that handles money, processes payments, or holds client funds or assets. Exposure rises sharply with headcount, vendor payment volume, and digital asset holdings.
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