CRIME

Chatham Insurance Services can provide a number of different crime products, each of which can be tailored to the needs of the individual organization.  Primary policies as well as follow form excess policies are available. 

Travelers SelectOne® Financial Institution Bond for Insurance Companies

The SelectOne® Financial Institution Bond for Insurance Companies was developed to replace the Form 25 Bond and to include computer crime insurance coverage in one comprehensive policy.  Designed specifically to meet the unique requirements of insurance companies, the policy can provide a variety of coverages including; Employee Dishonesty, On Premises, In Transit, Forgery or Alteration, Forgery or Alteration of Securities and Other Instruments, Counterfeit Currency, Trading Loss and Computer Theft.  Other coverages available at a sub-limit include Restoration Costs and Claims and Audit Expense.

Wrap+® Commercial Crime

Travelers Wrap+® enables non-insurance company insureds to combine their crime coverage with their management liability coverage on one comprehensive policy.  Wrap+® Crime includes coverages for financial losses due to specified perils, including Employee Theft, ERISA Fidelity, Employee Theft of Client Property, Forgery or Alteration, On Premises, In Transit, Money Orders and Counterfeit Currency, Computer Crime, Funds Transfer Fraud and Claims Expense.

Kidnap and Extortion for Ransom

CIS can offer Kidnap and Extortion for Ransom coverage to managed care organizations on the Wrap+® policy, which covers Kidnap, Extortion, Illegal Detention and Hijack as insured events and is extended for e-commerce extortion threats when accompanied by a ransom demand.  Coverage includes access to a crisis response firm.

ERISA Bond

ERISA Bonds are available as standalone coverage on the Wrap+® policy, or the coverage can be added to the Wrap+ Crime policy or the SelectOne® Financial Institution Bond for Insurance Companies.  

Fiduciary Dishonesty Bond

Fiduciary Dishonesty bonds are available for investment advisors and other service providers who contract with clients to provide services that involve discretionary authority over an employee benefit plan.  This bond responds to the exposure that the investment advisor and other service providers face when managing their clients' employee benefit plans.  The coverage is only applicable to dishonesty acts by employees of the investment advisor or other service provider and does not eliminate the need for the employee benefit plan to carry their own ERISA Bond.

  "Nothing stated herein affects the terms, conditions and coverages of any insurance policy or bond issued by any of the referenced insurers, nor does it imply that coverage does or does not exist for any particular claim or type of claim under any such policy or bond."

Coverage underwritten by Travelers Casualty and Surety Company of America and its property casualty affiliates, Hartford, CT 06183