TORONTO, May 16 2011 – Recent high profile fraud and embezzlement cases highlight the need for effective protection of corporate assets. And new research shows that employers are seeing a marked increase in internal crimes.
Today Creechurch International Underwriters Ltd. introduces a stand alone Fidelity Insurance Policy to address this heightened exposure. Part of the new PlatinumPlus suite of management liability products, this cutting edge insurance policy offers market leading coverage for a wide range of exposures that Canadian companies face.
“No one wants to believe that their employees will steal from them, however theft and embezzlement do happen” said Phil Baker, Executive Vice President of Underwriting at Creechurch. Added Phil “in many cases, these thefts occur over time and can result in losses to the company that far exceeds the amount of insurance carried in a basic property package policy.” In uncertain economic times, companies need the assurance that their assets are fully protected. The new PlatinumPlus fidelity provides that assurance.
Policy highlights include:
- Broadest definition of employees, including part-time, seasonal employees, consultants, trainees and volunteers
- No policy aggregate
- Coverage for employee benefit plans
- Theft of client property
- Computer and funds transfer fraud
Comprehensive Insurance Solutions
Creechurch has always focused on the emerging technology sector that has historically had difficulty securing favourable coverage terms. Creechurch meets the needs of these customers by offering comprehensive insurance solutions. Said Phil Baker “now, with our new PlatinumPlus Fidelity policy we can meet all the property and casualty needs of not only emerging technology companies but most types of companies and organizations that need superior asset protection.”
Consult with your Broker
As with all Creechurch products, the PlatinumPlus suite of products is available only through licenced Canadian insurance brokers. Visit the company website, www.creechurch.com for information on the company’s products and to download insurance applications.
Creechurch International Underwriters is one of the leading underwriting management companies in Canada, offering specialized insurance to a wide spectrum of business sectors. Part of a large global insurance and reinsurance organization with 60 offices on four continents Creechurch underwrites exclusively on behalf of large A rated multinational insurers. Creechurch products include MediaTech Liability, Directors and Officers Liability, Life Sciences Liability, Professional Liability, Employment Practices Liability, CGL and Umbrella Liability, and Property Insurance. www.creechurch.com