Staffing Crime Insurance

Employee theft is one of the most prevalent and costly problems faced by American and international staffing firms. The most common criminal activities include theft and embezzlement. Moreover, over the last several years there are numerous reports of increased business crime exposures and activity from both management and employees. The Federal Bureau of Investigation (FBI) and the Department of Homeland Security have warned companies of an increase in the use of computers to withdraw funds, securities, etc.

Critical in protecting against such crimes for staffing firms, recruiting companies and employment agencies is having a robust Crime insurance program in place. The Crime insurance program should provide coverage for theft of not only the staffing property but also that of the client’s property.

Crime can be as simple as theft of client goods by the temporary employee or as complicated as embezzlement of ghost payrolls. We provide first- and third-party Crime coverage that protects the insured and their client from dishonest acts committed by the insured’s employees.

World Wide’s Crime Insurance for Staffing Industry: Crime Plus

Our Crime Plus coverage expansion includes Defense and Legal Liability, coverage for the Theft of Trade Secrets of both the insured and their client, along with expenses from a security breach caused by an employee and or someone other than an employee. The Crime Plus policy also includes expenses for unauthorized use of another’s personal identity information by an employee, and expenses for unauthorized use of the personal identity information of corporate officers or directors by other than an employee. Kidnap expense is also included.

Highlights:

  • Loss Sustained or Loss Discovered Form available
  • Coverage for First and Third Party Dishonest Acts
  • Defense and Legal Liability
  • Coverage for Insured and Client Trade Secrets (1st and 3rd Party)
  • Expense coverage for Security Breach
  • Separate Limits available for specific clients
  • Knowledge of claim is limited to corporate officer or risk manager
  • Coverage territory is worldwide for all named insureds domiciled in the USA
  • Coverage available for Fraudulent Impersonation (Social Engineering)

Submission Requirements: