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Fidelity insurance

Fidelity insurance protects companies against financial losses caused by criminal acts committed by employees.

Protecting companies from internal risks

Fidelity insurance - what is it anyway?

Criminal acts by employees such as theft, embezzlement or fraud can cause considerable financial damage and have a lasting impact on trust in companies. Fidelity liability insurance offers optimum protection against the financial consequences of such offenses.

Facts & Figures

0 € is the average amount of damage

0 Mrd. € is what German companies lose every year due to employee crime

0 % of companies in Germany have been affected by employee crime at least once

Your advantages at a glance

Fidelity liability insurance offers effective protection against the financial consequences of criminal acts by employees. Protect your company, organization or institution against fraud, theft and abuse of trust.

Integrity protection

Protection against internal fraud and theft

Protection of legitimate expectations

Protection against fraudulent actions by employees

Financial lifeline

Protects against ruinous asset losses due to errors

Guarantee of trust

Protection against losses due to employee misconduct

FAQ on fidelity liability insurance

We have summarized the most frequently asked questions about fidelity liability insurance for you in our FAQ. However, our experts will also be happy to provide you with individual advice.

Why is fidelity insurance important?

Despite careful selection and monitoring of employees, companies can fall victim to internal criminal acts. Fidelity insurance offers financial protection and helps to deal with the economic consequences of such incidents.

What damage is covered?

Fidelity liability insurance typically covers the following losses:

Direct financial losses: financial losses caused by criminal acts committed by employees, such as theft, embezzlement, fraud or breach of trust
Loss investigation costs: costs for external investigators, auditors or lawyers who help to clarify the loss event
Damage caused by third parties: damage caused by criminal acts by external service providers or business partners (depending on the contractual conditions)

What is not covered?

As a rule, the following are not covered

Damage caused by intentional or grossly negligent behavior on the part of the company owner or management
Damage caused by legal representatives of the company
Damage caused by the breach of contractual obligations
Damage caused by already known risks that have not been remedied

Who needs fidelity insurance?

Small and medium-sized enterprises (SMEs): protection against financial losses due to criminal acts by employees
Large companies: Protection against high loss amounts and complex cases of fraud
Non-profit organizations: Protection against financial losses due to embezzlement or fraud by employees or volunteers
Public institutions: Protection against financial losses due to criminal acts by employees or external service providers

Are there special insurance policies for certain occupational groups?

Yes, there are specialized fidelity liability insurance policies that are tailored to the specific risks and requirements of different industries, such as financial services, retail, healthcare and public administration.

What is reverse cover?

Reverse cover provides insurance protection for losses that occurred before the start of the insurance contract but are only discovered after the contract has been concluded. This is particularly important when a company takes out fidelity liability insurance for the first time.

Is there a subsequent liability insurance?

Extended liability insurance provides cover for claims that occur after the fidelity insurance has ended but were caused during the term of the policy. This is particularly important if a company discontinues or sells its business activities.

What are typical exclusion clauses?

Damage caused by intentional or grossly negligent behavior on the part of the company owner or management
Damage caused by legal representatives of the company
Damage caused by the breach of contractual obligations
Damage caused by already known risks that have not been remedied

Can fidelity insurance also apply abroad?

Yes, many fidelity insurance policies also offer international cover, especially for companies that operate worldwide. However, it is important to check the exact conditions in the insurance contract.

ecsolutions

Solutions rethought! With our ecsolutions, we offer you complete ecosystems that include more than just insurance. Here, experts with in-depth know-how advise you individually on your situation and your specific needs and provide you with comprehensive support in the form of tailor-made services and products.