White collar crime is on the increase with fraudsters becoming more innovative and finding ever more sophisticated ways to expand their criminal enterprise and this puts insurance brokers’ own cash reserves and client money accounts at risk.

Whether frauds are “internal” (e.g. an employee embezzling company or client funds) or “external” (e.g.”phishing emails from online fraudsters”), these risks are insurable, providing that you can demonstrate that your brokerage has the prerequisite controls in place to minimise risk.

Champion Professional Risks have many years experience in arranging Commercial Crime insurance for insurance brokers to protect funds from getting into the wrong hands.

Crime insurance can be arranged alongside, or within a Cyber Insurance policy but it requires an expert broker to dovetail these insurances together to provide total protection from criminal activity.

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