Fraud can cause significant damage to a company’s cash flow and profitability, as well as its reputation and investor confidence – so we provide protection for the whole range of evolving fraud risks.
Our Commercial Crime policy protects companies against money, stock, goods, securities, property or funds being stolen by employees or third parties. It also protects against the theft of clients’ money or property for which you are responsible.
Perpetrators of financial fraud are constantly developing new, often ingenious, methods to target companies, such as ‘social engineering’, where fraudsters pretend to be clients or senior members of staff. Social engineering is currently affecting a large number of companies and is a key reminder of the need to be aware of the latest types of fraud. We keep abreast of all of the latest scams and share updates with clients, as well as working with you to help reduce your vulnerability to these risks.
At QBE, we are known for our problem-solving approach and our willingness to consider unusual risks. We’re able to be very flexible in terms of the cover we provide, and we also take a flexible approach to gathering the information we need for the underwriting process – for example, by meeting and discussing key risk areas in person, rather than asking you to fill in a proposal form.
Our Claims team is used to seeing every type of fraud and claim around the world. If you experience a loss, they will take prompt action to resolve your claim and help you get back to running your business. If a fraud is ongoing, we can also provide a consultant to investigate and help to prevent further losses.