Most businesses do the majority of their banking and bill paying online. This, combined with an increase in remote working, has increased our vulnerability to several crime losses. In the past, most of these types of losses were happening to large businesses. Recently we have seen these types of claims in small and medium sized businesses. This past year, we have had several clients that were victims of Ransomware and Social Engineering claims.
Hackers put a virus in your computer system to block your access until money is paid.
Funds Transfer Fraud
We have had several claims the last few years where employees have manipulated computers systems to steal money and pay personal bills through their employer.
These coverages are not expensive to add, so it would be smart to include them in your insurance program. Contact us today for more information or costs.