Master Crime

This program provides coverage for illegal acts committed by employees while on the job. 

Coverage Provided

Governmental Crime Policy on Discovery Form including:

• Employee theft including Faithful Performance of Duty (Per Loss Coverage)
• Forgery or alteration including Credit, Debit or Charge Card Forgery
• Inside premises - Theft of money and securities
• Inside premises - Robbery or safe burglary of other property
• Computer fraud and funds transfer fraud
• Money orders and counterfeit paper currency
• Outside the premises

Limit: $20,000,000 each occurrence

Renewal Date:  June 30

Deductible per occurrence: $2,500 or $25,000 (varies by member)

Requirements

• Crime application
• Six years of loss history or signed no known or reported loss letter on entity’s letterhead; loss information should include: Date of Occurrence, Description of Occurrence, Total Amount of Occurrence, Total Paid Loss
• Current audited financial statement including auditor’s report and management report
• Complete listing of named insured’s

Claims

Crime Program Claim Reporting Procedures