Business Fraud Insurance

Our business fraud insurance “Fidelity” protects your business against financial losses caused by intentional unauthorised actions of so-called "trusted third parties" in the form of embezzlement, robbery, theft, forgery or fraudulent orders.  

All your employees are considered to be trusted third parties: from the board of directors and managing directors to temporary and contract workers, as well as external service providers and external personnel working on your premises, IT service providers, lawyers, tax consultants and auditors.  We also cover business fraud threats from the "outside", such as:

  • Targeted cybercrime and hacker attacks (when the attack is directly aimed at your company) – for example unauthorised access to your IT systems or to external data centres such as cloud service providers, as well as the interception of data from network lines.
  • Social engineering fraud – when interpersonal relationships in companies are influenced and exploited in such a way that confidential data or financial resources are disclosed, such as fake president fraud, fake identity fraud, diversion of payment flows, pharming and phishing.

Our Fidelity insurance policies are tailored to your needs – whether you are a small business or a large corporation.

In the event of a claim, dedicated experts and specialists will be there to advise and help you manage the business fraud crisis. You will be indemnified so that your direct financial losses are covered, avoiding cash flow issues and protecting your profitability.

As an example, direct financial losses include: an emptied bank account, re-directed money, an emptied safe deposit box or a safe to which an employee gained access using forged documents, etc.

Our Fidelity insurance benefits can also be claimed in the event of costs incurred to mitigate damage to reputation. For example, insured fraud risks can include:

  • Damage caused by trusted third parties obtaining unauthorised access to data and passwords (e.g. through phishing, spyware or other criminal methods)
  • Damage that occurs when owned trade secrets are betrayed by trusted third parties
  • Damage caused by third-party interventions in the IT system, whether deliberate, targeted or unlawful.
  1. Protection: You protect your business from financial losses and corporate reputation damage resulting from a large variety of business fraud risks from social engineering fraud to hacker attacks.
  2. Reliability: You are accompanied by a team of specialists always ready to help you with advice and support, and we indemnify you quickly in the event of a claim – even if the offender cannot be identified.
  3. Customisation: Our business fraud protection solutions are tailored to your needs, company size, budget and the risks you want to cover.
  4. Experience: We are a strong and reliable insurance partner with many years of experience and a leading provider of Fidelity insurance in Germany, Austria and Switzerland.
  5. Peace of mince: You can safely digitalise your business processes and increase your overall exposure to outsourcing and IT risks knowing that we’ve got you covered.
Click below to contact our local teams and check if Fidelity insurance is available in your country. They’ll be happy to answer your questions about fraud protection.
Whether you wish to minimise your trade credit risk or protect your contractual obligations, we have solutions that suit your needs. Find out more.