3D Bonding (Dishonesty, Disappearance and Destruction)
Every company can be vulnerable to fraud, theft and embezzlement. A well established system of procedures and controls should be the first line of defence for the company. This should be reinforced with a Crime Insurance Policy with applicable coverage and limits.
Coverage can include:
- Employee dishonesty
- Robbery and burglary committed on insured premises
- Mysterious disappearance or destruction of money and securities
- Off premises hold-up and robbery
- Acceptance of counterfeit money and money orders
- Cheque forgery
- Computer fraud
- Extension of credit on the basis of forged security
- Credit card forgery
- The cost of investigating and proving an employee dishonesty loss
- Mail coverage
Provides indemnity to the insured for the wrongful abstraction of money or securities involving:
- Employee Dishonesty (money securities and property other than m & s)
- Forgery and Alteration
- Robbery, Burglary, Safe Burglary
- Theft, disappearance, destruction of money and securities (Covers inside the insured’s premises or a banking premise against “theft”, “disappearance”, or “destruction”).
- Computer Fraud (theft of property following and directly related to the use of any computer to fraudulently cause a transfer of that property from inside the premises or banking premises to a person (other than a messenger) outside those premises or to a place outside those premises.
- Extortion (insures against loss of money, securities, and property other than money and securities resulting directly from “extortion”. The fact that the surrender must occur away from the premises is important).