This program provides coverage for illegal acts committed by employees while on the job.
Coverage Provided
Governmental Crime Policy on Discovery Form including:
- Employee theft including Faithful Performance of Duty (Per Loss Coverage)
- Forgery or alteration including Credit, Debit or Charge Card Forgery
- Inside premises - Theft of money and securities
- Inside premises - Robbery or safe burglary of other property
- Computer fraud and funds transfer fraud
- Money orders and counterfeit paper currency
- Outside the premises
Limit: $20,000,000 each occurrence
Renewal Date: June 30
Deductible per occurrence: $2,500 or $25,000 (varies by member)
Requirements
- Crime application
- Six years of loss history or signed no known or reported loss letter on entity’s letterhead; loss information should include: Date of Occurrence, Description of Occurrence, Total Amount of Occurrence, Total Paid Loss
- Current audited financial statement including auditor’s report and management report
- Complete listing of named insured’s
Claims
Crime Program Claim Reporting Procedures