Crime Insurance

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

Employee/Volunteer Dishonesty $25,000 per loss
Covers financial loss by employee or volunteer through theft or forgery
Theft (on premise/off premise/Outside): $10,000 per loss
Covers financial loss by employee or volunteer through theft or forgery
Depositor’s Forgery Coverage: $10,000 per loss
Protects losses due to forgery or alteration of checks or drafts
Computer Fraud Coverage*: $10,000 per loss
Protects loss to financial instruments and inventory as a result of a hacking event or electronic fraud
Funds Transfer Coverage*: $10,000 per loss
Covers loss due to transfer of money or securities based on fraudulent documentation allegedly sent by your organization.
Client Coverage*: $10,000 per loss
Extends coverage to include loss of money/securities to a 3rd party for which your organization is legally liable
Social Engineering Fraud*: $10,000 per loss
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
Expense Limit $5,000 per loss
Pays for auditors' fees or investigation costs to identify losses
Deductible $250 per claim
*These coverages are new to the program for 2017!

What is the Cost?

Crime Option 1 Crime Insurance with Limits as shown $260
Crime Option 2 Crime Insurance: Increase Employee Dishonesty to $50,000; other limits as shown $326
Crime Option 3 Crime Insurance: Increase Employee Dishonesty to $100,000; other limits as shown $392

Optional Employee Dishonesty limit options:

$50,000 per loss Annual Premium $326
$100,000 per loss Annual Premium $392
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.

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