The Need

Commercial Crime is estimated to cost the South African economy billions of Rands annually. Year on year statistics show an upward trend in the number of commercial crimes reported. A growing risk never has it been more important for companies to protect themselves against direct financial loss as a result of theft and fraud.

The Solution

Camargue stands firm in the belief that traditional Fidelity Guarantee polices do not provide sufficient protection from the diverse array of risks faced by the commercial environment, which include employee fraud, embezzlement, corruption, money laundering, computer fraud, extortion and contractual penalties. Camargue’s Commercial Crime product offers a comprehensive cover solution.

The Cover

• Employee Dishonesty
• Computer Fraud
• Extortion
• Contractual Penalties
• Fraudulent Transfer Instructions

Risk Management Services

Camargue’s unique M³ approach to insurance is geared towards managing, mitigating and migrating critical business risks – an outcome achieved through the provision of value-added risk benefits to policyholders. Notwithstanding the coverage provided in terms of the policy, the additional risk management benefits further enhance the Camargue product offering and go beyond simple insurance.  The overall result is a well-rounded and complete solution to the risks faced in a commercial environment. 

Risk Management Services included in the Policy cover:

• Whistleblowing Hotline Service    
  Every Insured has access to the Camargue fraud and theft hotline, which provides employees with a means to safely and anonymously report criminal activities. Intended to act as a deterrent to any potential thieves, a reward of R25,000 is also payable for useful information that leads to a successful prosecution. Whistleblowing posters, for onsite utilisation, are also freely available to the Insured. 
• Risk Management Hotline    
  Risk management advice is available to every Insured and lines manned during office hours, such as advice on how to decrease the risk of loss in relation to their stock or monetary functions.
• Private Arbitration Services    
  Offered through TOKISO Dispute Settlement – this service works towards fast, equitable resolution of disputes between the insured and their clients. As far as possible court proceedings are avoided saving time, money and more importantly reputation.
• Bank Account verification for large payments
• Fraud Risk Survey
• Cyber Vulnerability Scan (CVS) - A vulnerability scan is an inspection of the potential weaknesses in the security of a computer network. The CVS only requires the details of your externally facing internet protocol (“IP”) addresses, in order to examine for known vulnerabilities. Therefore it sees only what an outside intruder would see (like your locks, alarm and motion detectors) and tests the perimeter security – with no work required by you. Download our CVS Brochure here.

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