Crime & Fidelity
Insurance Coverage
Financial crime costs U.S. businesses over $50 billion annually — and the majority of losses are caused by employees, not outside criminals. Commercial Crime and Fidelity Insurance protects your organization from theft, embezzlement, forgery, computer fraud, social engineering, and funds transfer fraud. Kelly Insurance Group places crime coverage for businesses where internal financial controls and external cyber threats intersect.
What Is Commercial Crime & Fidelity Insurance?
Crime insurance covers direct financial losses to your organization from dishonest or fraudulent acts — by employees, third parties, or a combination of both.
Commercial Crime Insurance (also called Fidelity Insurance or Employee Dishonesty Insurance) is a first-party financial lines policy that indemnifies a business for direct financial losses resulting from theft, fraud, forgery, embezzlement, computer fraud, and other criminal acts — whether committed by employees, vendors, or outside parties.
The terms "Crime Insurance" and "Fidelity Bond" are often used interchangeably, but there are important distinctions. A Fidelity Bond is a specific instrument — often required by contract or regulation — that guarantees the fidelity (trustworthiness) of employees who handle money or assets. Commercial Crime Insurance is broader and encompasses multiple insuring agreements in a single policy.
Crime coverage is typically written on a loss-sustained or discovery form. Discovery policies cover losses discovered during the policy period regardless of when they occurred (subject to a prior loss lookback). Loss-sustained policies require both the act and the discovery to occur during the policy period — creating significant gap risk for long-running embezzlements.
Crime insurance is a distinct coverage line from Cyber Liability Insurance. While there is increasing overlap — particularly around social engineering, phishing, and funds transfer fraud — the two policies have different triggers, insuring agreements, and carriers. KIG structures programs that eliminate gaps between cyber and crime coverage.
Critical Gap Warning: Most Commercial General Liability (CGL) policies and Commercial Package Policies (CPP) explicitly exclude employee dishonesty and theft. Many businesses discover this exclusion only after filing a claim and being denied. Crime Insurance is not automatically included in any standard business policy — it must be specifically purchased.
Who commits occupational fraud? According to the ACFE, 86% of occupational fraud involves asset misappropriation. Employees with 10+ years of tenure commit median losses more than 3x higher than newer employees. Executives and owners commit the largest individual schemes — a median of $600K+ per incident.
Small businesses are most vulnerable: Organizations with fewer than 100 employees suffer the highest median losses from occupational fraud — and have the fewest internal controls in place to detect or prevent it.
What Does Crime Insurance Cover?
Commercial crime policies are built from individual insuring agreements — each covering a specific type of financial crime. The following represent the core and optional agreements available to most businesses.
Employee Theft / Employee Dishonesty
Covers direct financial losses caused by the dishonest or fraudulent acts of employees, including theft of money, securities, and property. The most fundamental insuring agreement in any crime policy. Covers named insureds and typically extends to subsidiaries.
Forgery or Alteration
Covers losses resulting from the forgery or alteration of checks, drafts, promissory notes, or similar instruments — including instruments drawn on the insured's accounts and those received from third parties. Also covers acceptance of forged instruments made in the insured's name.
Inside the Premises — Theft of Money & Securities
Covers loss of money or securities (including precious metals) caused by theft, disappearance, or destruction while located inside the insured's premises. Covers robbery, burglary, safe cracking, and mysterious disappearance of funds from locked vaults or cash drawers.
Inside the Premises — Robbery or Safe Burglary of Other Property
Covers theft of property other than money and securities (e.g., merchandise, equipment) from inside the premises through robbery of a custodian or safe burglary. Distinct from standard commercial property coverage in its application.
Outside the Premises
Covers loss of money, securities, or property while being transported outside the premises by a messenger or armored vehicle. Also covers robbery and theft while in transit — critical for businesses that transport cash, checks, or valuables between locations.
Computer & Funds Transfer Fraud
Covers direct financial losses resulting from the fraudulent entry of data or instructions into the insured's computer systems, or fraudulent instructions transmitted through electronic systems that cause the transfer of money or securities from the insured's accounts.
Social Engineering Fraud
Covers losses from deceptive communications that trick an employee into voluntarily transferring funds to a fraudster — commonly called Business Email Compromise (BEC). The fastest-growing crime claim category. Often requires separate sublimit endorsement; coverage terms vary significantly by carrier.
Vendor / Client Impersonation Fraud
Covers losses when a criminal impersonates a trusted vendor, supplier, or client to redirect payment to a fraudulent account. Related to social engineering but distinguished by the nature of the deceptive relationship rather than the communication method.
Money Orders & Counterfeit Currency
Covers losses from acceptance of counterfeit money orders, counterfeit paper currency, or fraudulent wire transfer instructions in the normal course of business. Most relevant to retail, hospitality, and financial services businesses.
Credit Card Fraud
Covers losses from the fraudulent use of credit, debit, or charge cards issued to the insured, or the acceptance of fraudulent cards in the ordinary course of business. Most relevant for businesses with significant card transaction volume.
Extortion / Cyber Extortion
Covers losses from credible threats to harm the insured's property, employees, or systems unless payment is made. Cyber extortion — including ransomware demands — may overlap with the cyber liability policy and must be coordinated carefully to avoid gaps or duplicate recovery.
Client Property Coverage
Extends employee theft coverage to property belonging to clients held in the insured's care, custody, or control. Critical for professional services firms, accountants, attorneys, property managers, and financial advisors who handle client assets.
Crime Policy Coverage Elements at a Glance
Standard vs. enhanced crime policy coverage — insuring agreements, form availability, and key underwriting notes.
| Insuring Agreement | Standard Form | Enhanced / Endorsed | Key Consideration |
|---|---|---|---|
| Employee Theft (Money, Securities, Property) | Included | Included | Per-employee vs. per-occurrence sublimits vary significantly |
| Forgery or Alteration | Included | Included | Coverage extends to instruments drawn in insured's name |
| Inside Premises — Money & Securities | Included | Included | Vault and safe sublimits apply; location scheduling may be required |
| Outside Premises / Transit | Included | Included | Messenger coverage; armored car requirements for high limits |
| Computer & Funds Transfer Fraud | Included | Included | Fraudulent instruction must originate outside insured's systems |
| Social Engineering / BEC Fraud | Excluded | Endorsement | Most significant gap; sublimit typically $100K–$1M; often requires MFA verification controls |
| Vendor/Client Impersonation Fraud | Excluded | Endorsement | Distinct from BEC; covers payment redirection schemes |
| Money Orders & Counterfeit Currency | Some Carriers | Included | Cash-handling businesses should prioritize this agreement |
| Client Property (Care, Custody & Control) | Excluded | Endorsement | Critical for advisors, accountants, attorneys, property managers |
| Extortion Coverage | Excluded | Endorsement | Coordinate with Cyber policy to avoid gap or double-trigger |
| Prior Loss Lookback Period | Varies | Negotiable | Discovery form: typically 1–5 years; full prior acts negotiable |
| Investigation & Forensic Accounting Costs | Often Excluded | Endorsement | Sublimited reimbursement for forensic costs to establish loss amount |
Crime Insurance Loss Scenarios
The following illustrate common commercial crime claims — the type, mechanism of loss, and approximate financial impact.
Payroll Embezzlement — Controller Scheme
A company controller creates phantom employees in the payroll system and diverts direct deposits to personal accounts for 6 years before detection via an IRS W-2 discrepancy. The loss spans multiple policy periods — a discovery-form crime policy with adequate lookback covers the entire accumulated loss.
Business Email Compromise (BEC) — CEO Impersonation
A criminal spoofs the CEO's email address and instructs the CFO to wire $340K to a new "acquisition escrow account." The wire is processed before the fraud is detected. Without a Social Engineering endorsement on the crime policy, this loss is typically denied — it was voluntary, not fraudulent entry into computer systems.
Vendor Invoice Fraud — Accounts Payable Manipulation
An accounts payable clerk modifies vendor banking information in the ERP system and redirects payments to a personal account across 47 transactions over 18 months. Detected when the legitimate vendor calls about unpaid invoices.
Client Funds Theft — Investment Advisor
A financial advisor misappropriates client funds held in managed accounts by forging transfer authorizations and redirecting proceeds to personal investments. The firm's crime policy with a Client Property endorsement covers the full client loss; without it, the firm faces both regulatory and civil liability without insurance support.
Expense Reimbursement Fraud — Multi-Year Scheme
A regional sales manager submits falsified expense reports totaling $8K–$15K per month using fabricated receipts and duplicate submissions. Detected during acquisition due diligence when acquirer reviews expense patterns. Covered under Employee Theft insuring agreement.
Counterfeit Check Fraud — Construction Subcontractor
A general contractor receives a forged "certified check" from a fraudulent subcontractor for a deposit refund. The check clears initially but is returned weeks later by the bank. Covered under Forgery or Alteration insuring agreement.
Who Needs Crime & Fidelity Insurance?
Any organization that handles money, has employees with financial authority, or accepts payments from external parties carries crime exposure. These industries carry the highest frequency and severity of commercial crime losses.
Financial Services & Banks
Regulated institutions often require specific financial institution bonds (FIBs). High transaction volumes, access to client accounts, and wire transfer authority create compounded crime exposure.
Healthcare Organizations
Medical billing fraud, pharmacy inventory theft, and insurance reimbursement manipulation are endemic. Distributed locations and high employee counts make oversight difficult.
Construction Companies
Bid rigging, materials diversion, subcontractor kickbacks, and check fraud are common. Project-based accounting with multiple payment streams creates significant embezzlement opportunity.
Retail & Hospitality
Cash handling, POS manipulation, return fraud, and inventory theft are persistent. High employee turnover and decentralized cash management are primary risk drivers.
Law Firms & Professional Services
IOLTA trust account theft, billing manipulation, and client fund misappropriation. State bar requirements may mandate specific crime coverage limits or fidelity bonds.
Property Management Companies
Rent diversion, security deposit misappropriation, and maintenance kickback schemes are common. Exposure extends to both the management company and the clients whose properties are managed.
Non-Profits & Foundations
Donor fund misappropriation, grant fraud, and treasurer embezzlement are disproportionately common in non-profits — often because volunteer boards and limited oversight create opportunities. Fidelity bonds may be required by grant agreements.
Logistics & Transportation
Cargo theft, fuel card fraud, and billing manipulation are common. Companies with large fleets and driver expense programs face elevated crime exposure from decentralized operations.
Technology Companies
Cryptocurrency fraud, vendor impersonation attacks, and insider data monetization are growing. Remote-first workforces and digital payment infrastructure elevate BEC and funds transfer fraud exposure.
Crime Insurance vs. Cyber Liability — Understanding the Gap
Crime and Cyber policies overlap in the digital fraud space but respond differently. Misunderstanding this boundary is one of the most common — and costly — coverage gaps in commercial insurance today.
| Scenario | Crime / Fidelity Policy | Cyber Liability Policy | Neither (Uninsured Gap) |
|---|---|---|---|
| Employee embezzles cash from bank account | ✓ Employee Theft agreement | ✗ Not a cyber event | |
| Hacker breaches systems, steals customer data | ✗ Not a fidelity loss | ✓ Data breach / liability | |
| BEC email tricks employee into wiring funds | ✓ Social Engineering endorsement | ⚠ Some cyber policies cover; most exclude | ✗ Without endorsement on crime, may be gap |
| Ransomware locks systems; attacker demands payment | ⚠ Extortion endorsement (some policies) | ✓ Cyber extortion / ransomware | |
| Fraudulent wire initiated through compromised credentials | ✓ Computer Fraud agreement | ⚠ Some overlap; depends on trigger language | |
| Vendor impersonation — payment redirected via fake invoice | ✓ Vendor Fraud endorsement | ⚠ Some cyber policies cover with endorsement | ✗ Without proper endorsement on either policy |
| Employee steals intellectual property / trade secrets | ✗ Crime covers tangible property/money | ⚠ Some policies; depends on carrier | ✗ Often uninsured |
| Counterfeit check accepted from fraudulent customer | ✓ Forgery or Alteration agreement | ✗ Not a cyber event |
What Determines Crime Insurance Premium?
Crime insurance underwriting is driven by the adequacy of your internal financial controls as much as your employee count or industry. The following factors most significantly influence pricing.
Number of Employees with Financial Authority
Total headcount matters less than the number of employees with access to funds, check signing authority, wire initiation rights, or the ability to modify vendor banking information in systems.
Internal Controls Quality
Dual-control requirements, separation of duties, mandatory vacation policies, and regular independent audits are the most powerful crime premium reducers. Underwriters specifically ask about these at application.
Industry & Cash Handling Volume
High-cash industries (retail, hospitality, healthcare, financial services) pay higher base rates. The volume of money, securities, and negotiable instruments in the insured's control drives limits and premium accordingly.
Prior Crime Losses
A 5-year crime loss run is standard at underwriting. Prior employee theft claims — even those recovered from an employee — significantly affect carrier appetite and pricing. Full disclosure is required and verified.
Coverage Limits & Insuring Agreements Selected
Each insuring agreement carries a separate premium load. Social engineering and vendor fraud endorsements add meaningfully to base premium but represent the highest-frequency modern crime loss categories.
Multi-Factor Authentication (MFA) Controls
Carriers increasingly require MFA on email systems and financial platforms as a condition of social engineering endorsement eligibility. Absence of MFA can result in sublimit application or endorsement unavailability.
Background Screening Practices
Employers who conduct pre-hire criminal and financial background checks — particularly for employees with financial authority — receive more favorable underwriting consideration. Documented screening policies matter.
Discovery vs. Loss-Sustained Form
Discovery forms (which cover losses discovered during the policy period regardless of when they occurred) command higher premiums than loss-sustained forms — but provide dramatically superior protection for long-running fraud schemes.
Common Crime Insurance Exclusions
Crime policies contain specific exclusions that businesses must understand before a loss occurs. These represent the most common gaps in standard commercial crime coverage.
Crime Insurance Claims Process
Timely and proper claim reporting is critical in crime coverage. Failure to follow proper procedures — including involving law enforcement — can jeopardize coverage.
Secure Evidence & Stop the Bleeding
As soon as a fraud or theft is suspected, secure all financial records, system logs, emails, and access credentials before the suspected employee is aware of the investigation. Preserve evidence — do not confront the employee before securing documentation.
Notify Your Broker Immediately
Crime policies often have strict notice requirements — 30 to 90 days in some forms. Contact Kelly Insurance Group as soon as a loss is discovered or suspected. Do not wait until the full extent of the loss is quantified — notice must be provided promptly.
File a Police Report
Most crime policies require the insured to file a law enforcement report promptly after discovery. Failure to file a police report — or unreasonably delaying it — can be grounds for claim denial. This requirement applies even for internal employee theft.
Engage Forensic Accountants
The insurer will require a detailed proof of loss documenting the nature and amount of the claim. Forensic accountants — whose fees may or may not be covered depending on policy form — are typically required to quantify the loss and trace funds through financial records.
Submit Proof of Loss
A formal Proof of Loss statement — documenting the specific nature of the loss, the insuring agreement implicated, the amount claimed, and all supporting documentation — must be submitted within the deadline specified in the policy (typically 120–180 days from discovery).
Claim Investigation & Subrogation
The insurer will conduct its own investigation and may pursue subrogation (recovery) from the responsible employee or third party. Full cooperation with the insurer's investigation — including access to records and personnel — is a policy condition. Recovered funds reduce the net claim payment.
Post-Loss Control Remediation
After claim resolution, carriers typically require documented remediation of the controls that allowed the loss to occur. Failure to improve internal controls may result in non-renewal or exclusion of similar future losses at renewal.
Crime Risk Management — Internal Control Best Practices
The best crime claim is the one that never happens. These internal controls don't just reduce fraud losses — they improve your underwriting profile and can reduce crime insurance premiums at renewal.
Separation of Duties
No single employee should have the ability to initiate, approve, and record a financial transaction. Separate authorization from execution in all payment workflows — the most effective fraud prevention control available.
Dual Control for Wire Transfers
Require two independent approvers for all outbound wire transfers above a threshold (e.g., $10K+). Require verbal phone confirmation for any new or modified banking instructions — not just email confirmation.
Mandatory Vacation Policy
Require all employees with financial authority to take a minimum of 5 consecutive business days off per year — and have another employee cover their responsibilities. The majority of long-running embezzlement schemes are detected during mandatory vacation coverage.
Surprise Audits & Account Reconciliation
Conduct unannounced audits of cash, petty cash, bank reconciliations, and expense reports. Regular independent review of bank statements by someone other than the person who prepared them is essential.
Background Screening for Financial Roles
Conduct criminal background checks and credit checks (where permitted by law) for all employees hired into roles with financial authority. Refresh background checks periodically for long-tenure employees in sensitive positions.
Multi-Factor Authentication (MFA)
Enable MFA on all email accounts, banking platforms, ERP systems, and financial software. MFA is increasingly required by crime carriers as a condition of social engineering endorsement — and is the single most effective control against BEC fraud.
Vendor Change Verification Protocol
Establish a documented, phone-based verification process for any request to change vendor banking or payment information. Never update ACH or wire details based solely on email instructions — even from known contacts.
Anonymous Fraud Reporting Hotline
The ACFE reports that 42% of occupational fraud is detected by tips. Implement an anonymous reporting hotline or third-party whistleblower service. Employees are more likely to report concerns when they can do so without fear of retaliation.
Crime Insurance Questions & Answers
Answers to the most common questions about commercial crime and fidelity insurance from business owners, CFOs, and risk managers.
A Fidelity Bond is a specific type of surety instrument that guarantees the honesty of named employees who handle money or property — originally used to protect clients of financial institutions and service businesses. Commercial Crime Insurance is broader: it's an insurance policy containing multiple insuring agreements (employee theft, forgery, funds transfer fraud, computer fraud, etc.) that cover a range of financial crime scenarios. In modern usage, "fidelity" and "crime" are often used interchangeably, but technically a standalone fidelity bond only covers employee dishonesty, while a crime policy covers that plus external fraud and other threats.
Not automatically — and this is the single most dangerous gap in commercial crime coverage today. Standard computer fraud insuring agreements require the fraudulent instruction to be entered into a computer system without the insured's knowledge. BEC fraud typically involves an employee who receives a deceptive email and voluntarily initiates the wire transfer — which triggers the "voluntary parting" exclusion. Coverage for BEC requires a specific Social Engineering Fraud endorsement on the crime policy. These endorsements typically carry sublimits ($100K–$1M) and may require MFA controls to be in place. Always verify whether your crime policy includes this endorsement before assuming BEC losses are covered.
A loss-sustained policy covers only losses that both occur AND are discovered during the policy period (or within a short period after expiration). If an embezzlement runs for 5 years and is discovered after the loss-sustained policy has been replaced, there may be no coverage. A discovery policy covers all losses discovered during the policy period regardless of when they occurred — subject to a retroactive date or prior loss lookback period. Discovery forms are substantially better for businesses because employee fraud frequently runs for years before detection. Most underwriters offer both; discovery forms command higher premiums but provide critical protection for long-running schemes.
Generally, no. Standard crime policies define "employee" narrowly — typically limited to W-2 employees subject to the employer's direct control. Independent contractors, temporary workers, and leased employees are usually excluded unless specifically added by endorsement. This is a critical gap for businesses that use staffing agencies or contractors in roles with financial access. Review the policy definition of "employee" carefully and discuss contractor coverage with your broker. Some carriers offer "Employee Benefit Plan" or "Non-Employee Administration" endorsements that extend coverage to specific contractor roles.
This is one of the most frequently misunderstood crime coverage questions. Most standard crime policies exclude theft by majority owners, managing members, partners, or controlling principals — the rationale being that these individuals are effectively self-insuring. However, minority owners, officers without ownership control, and most employees are covered. Privately held businesses where multiple family members have financial authority should review the policy's "principal" definition carefully. Some carriers will provide coverage for officer theft if ownership thresholds are structured appropriately. Discuss your ownership structure explicitly with your broker at application.
Crime limits should be based on your maximum foreseeable exposure — not just your average transaction size. Consider: the maximum amount of money a single employee could access and steal if controls failed; the maximum daily wire transfer authority; total client funds held in escrow or trust; and the length of time a fraud could run before detection based on your current audit cycle. Common limits range from $250K for small businesses to $5M+ for large organizations with significant financial transaction volume. Many companies carry crime limits that were set years ago and have not kept pace with their financial exposure — an annual limit review is critical.
If an employee acts in collusion with an outside party (a vendor, contractor, or external fraudster), the loss is typically covered under the Employee Theft insuring agreement — because at least one employee was involved in the dishonest act. The key requirement is that the employee's participation be a knowing, intentional act, not inadvertent. Collusion schemes (e.g., an A/P clerk colluding with a fraudulent vendor to overbill and split the proceeds) are among the most common and costly crime loss scenarios and are fully covered by properly structured crime policies.
Crime coverage is not generally required by law, but contractual and regulatory requirements are common in specific industries. ERISA requires all plan administrators and fiduciaries of employee benefit plans to carry a fidelity bond equal to 10% of plan assets (minimum $1,000; maximum $500,000). Many lenders, franchise agreements, government contracts, and commercial leases require evidence of crime or fidelity coverage as a condition of the relationship. Financial institutions are subject to specific bonding requirements under federal and state banking regulations. Non-profits receiving federal grants may be required to carry fidelity bonds as a grant condition.
Crime & Fidelity Glossary of Terms
Key definitions for commercial crime insurance, fidelity bonds, occupational fraud, and related financial crime concepts.
- Fidelity Bond
- A surety instrument guaranteeing the honesty of employees handling money or property. Can be individual (named schedule), position schedule, or blanket (covering all employees).
- Discovery Form
- A crime policy that covers all losses discovered during the policy period, regardless of when the fraudulent act occurred — subject to a retroactive date or prior loss lookback window.
- Loss-Sustained Form
- A crime policy that covers only losses both sustained and discovered during the policy period (plus a short discovery period after expiration). Less favorable for long-running fraud schemes.
- Voluntary Parting Exclusion
- A standard exclusion that bars coverage when the insured voluntarily surrenders property to a fraudster — even under false pretenses. The key exclusion that denies most BEC claims without a Social Engineering endorsement.
- Social Engineering Fraud
- Deception-based fraud where criminals manipulate employees into voluntarily transferring funds — including Business Email Compromise (BEC), CEO fraud, and vendor impersonation schemes.
- Business Email Compromise (BEC)
- A form of social engineering fraud in which criminals use spoofed or compromised email accounts to impersonate executives, vendors, or clients and instruct wire transfers to fraudulent accounts.
- Occupational Fraud
- Fraud committed by employees, managers, or owners against the organization — including asset misappropriation, financial statement fraud, and corruption schemes. Studied annually by the ACFE.
- Insuring Agreement
- A specific coverage module within a crime policy — each covering a defined type of loss (employee theft, forgery, computer fraud, etc.). Policies are assembled from multiple insuring agreements.
- Proof of Loss
- A formal sworn statement submitted to the insurer detailing the nature, circumstances, and amount of a crime loss — typically required within 120–180 days of discovery.
- Subrogation
- The insurer's right to pursue recovery from the responsible party (e.g., the employee who committed theft) after paying a crime claim. Recovered funds reduce the net claim cost to the insurer.
- Blanket Bond
- A fidelity bond covering all employees of an organization under a single limit, without naming specific individuals. The most common form for businesses; position schedule bonds name specific roles rather than individuals.
- ERISA Bond
- A fidelity bond required by the Employee Retirement Income Security Act for all plan fiduciaries. Must equal 10% of plan assets (min $1,000; max $500,000). Distinct from general crime coverage.
- Financial Institution Bond (FIB)
- A specialized crime policy form for banks, credit unions, investment firms, and other financial institutions — containing insuring agreements specific to the financial services industry.
- Separation of Duties
- An internal control requiring different employees to handle different aspects of a financial transaction — initiation, authorization, recording, and reconciliation — to prevent any single person from committing and concealing fraud.
- Prior Loss Lookback Period
- On discovery-form policies, the period before the policy's effective date from which discovered losses may be covered — subject to no prior insurance responding to the loss.
- Collusion
- A fraud scheme involving two or more individuals — often an employee acting with an outside accomplice. Collusion schemes bypass individual-level controls and typically produce larger losses than single-actor fraud.
The KIG Advantage for Crime & Fidelity Placement
Crime insurance placement requires more than picking a limit off a rate card. KIG works with underwriters who understand the nuances of financial controls, policy form language, and the gap between crime and cyber coverage.
Discovery Form Advocacy
We push for discovery-form policies for every client — because loss-sustained forms create dangerous gaps for long-running fraud. When discovery forms aren't available, we structure proper continuity provisions.
Social Engineering Gap Analysis
We audit every crime policy for BEC and social engineering coverage — and ensure the sublimit, verification trigger language, and MFA requirements are clearly understood before binding. This gap costs businesses millions every year.
Crime & Cyber Coordination
We structure crime and cyber programs together — eliminating the overlapping exclusions and coverage gaps that emerge when these policies are placed with different brokers or reviewed in isolation.
ERISA Bond Compliance
We ensure all clients with employee benefit plans carry properly structured ERISA bonds — and that the ERISA bond is separate from (and does not reduce) the commercial crime policy limits.
Specialty & E&S Market Access
Businesses with prior crime losses, high-risk industries, or unusual ownership structures may be declined by standard markets. KIG has access to specialty and excess & surplus lines carriers who can provide coverage where others cannot.
Internal Controls Review
We work with clients to identify underwriting red flags before application — and connect businesses with forensic accounting resources when controls need strengthening prior to approaching the market.