This newly designed plan provides protection for Sports Organizations against the financial loss caused by the dishonest disappearance of money, securites or financial instruments. The Crime Insurance program has been expanded to cover the exposure of today's sports organizations, whether the crime is committed by an officer, volunteer or employee.
What is Not Covered by Crime Insurance?
This policy does not cover computer theft or fraud. The Crime policy also
does not provide protection for loss of equipment or other league property – that
exposure can be covered under the Equipment Insurance Plan.
Crime insurance Policy Limits & Details
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Employee/Volunteer Dishonesty
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$25,000 per loss
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Covers financial loss by employee or volunteer through theft or forgery |
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Theft (on premise/off premise/Outside):
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$10,000 per loss
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Covers financial loss by employee or volunteer through theft or forgery |
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Depositor’s Forgery Coverage:
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$10,000 per loss
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Protects losses due to forgery or alteration of checks or drafts |
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Computer Fraud Coverage*:
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$10,000 per loss
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Protects loss to financial instruments and inventory as a result of a hacking event or electronic fraud |
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Funds Transfer Coverage*:
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$10,000 per loss
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Covers loss due to transfer of money or securities based on fraudulent
documentation allegedly sent by your organization.
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Client Coverage*:
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$10,000 per loss
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Extends coverage to include loss of money/securities to a 3rd party for which your organization is legally liable |
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Social Engineering Fraud*:
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$10,000 per loss
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Covers financial loss due to deception, impersonation and other fraudulent or scam scenarios - such as a hacker posing as a vender who redirects your payment to their bank account |
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Expense Limit
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$5,000 per loss
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Pays for auditors' fees or investigation costs to identify losses |
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Deductible
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$250 per claim
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*These coverages are new to the program for 2017! |
What is the Cost?
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Crime Option 1
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Crime Insurance: Increase Employee Dishonesty to $25,000; other limits listed above in Product Description
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$260
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Crime Option 2
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Crime Insurance: Increase Employee Dishonesty to $50,000; other limits as shown
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$326
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Crime Option 3
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Crime Insurance: Increase Employee Dishonesty to $100,000; other limits as shown
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$392
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Optional Employee Dishonesty limit options:
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$50,000 per loss Annual Premium
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$326
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$100,000 per loss Annual Premium
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$392
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Please note this policy does not cover the loss of equipment or other Association/club property. Consult with your agent if you own property or equipment that needs to be insured. |
Underwriting Carrier: Chubb Group of Insurance Companies, Warren, NJ. Chubb is rated
"A++ (Superior), XV" by A.M. Best’s rating service.
This policy is written on an occurrence basis.
Note:
Organizations in Washington, please contact us for a different application.
Organizations in Vermont, Wyoming & Alaska are subject to surplus lines tax.
Applications for New Business only. The invoice will be sent regular mail to the address you provide to be paid to the carrier directly. Please remit payment to them immediately upon receipt to avoid cancellation. RPS Bollinger no longer accepts payments.
