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
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.
Fraudulent Transfer Instructions
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
Risk Management Services included in the
No Proposal Forms Required All risks that generate a gross premium of R30, 000 or more are surveyed.
Copies of the survey are supplied to the Insured to facilitate the management of risks through the identification of any weak points within an operation.
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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