Commercial Crime
Employee fraud is at an all time high in South Africa and in many other territories around the world. Business owners need to manage their risks associated with commercial crime but should also seek to protect their businesses by way of commercial crime insurance.
These policies respond to:
- Dishonest, fraudulent or criminal acts of any employee which resulted in insured’s loss or improper personal gain of said employee
- Physical loss of, or damage to property
- Theft of funds from the insured’s transfer account at a financial institution
- Theft of property by computer fraud
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ClaimsWhy take out an SHA commercial crime policy?
Longevity
Crime claims can take many years to be discovered and then even longer to be resolved. SHA has over 35 years of experience in handling long tail, complex claims effectively.
Strength
Claims in this sector can be volatile and substantial. SHA as a division of Santam Ltd, being the largest short term insurer in southern Africa, is adequately supported to manage these exposures.Commercial Crime FAQ's
What key information is required to get a quote?
SHA only transacts business via licensed insurance brokers. A proposal form is ideal and can be downloaded here on our website. See the downloads block on this page. Full details of any previous incidents or claims will also need to be provided.
Why commercial crime?
- Every employer should be protected against employee dishonesty
- Any business handling cash or securities should be protected from theft by employees
- Increases in frequency and severity of claims make the cover an imperative for business continuity
