CRIME INSURANCE FOR THE LEGAL PROFESSION

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 law firms’ 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.”friday afternoon fraud”), these risks are insurable, providing that you can demonstrate that your practice has the prerequisite controls in place to minimise risk.

Champion Professional Risks have many years experience in arranging Commercial Crime insurance for solicitors and legal professionals 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.