Commercial Crime
OVERVIEW
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. As 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 policies 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 and extortion. Camargue’s Commercial Crime product offers a comprehensive cover solution.
THE COVER
- Employee Dishonesty
- Computer Fraud
- Extortion
- Fraudulent Transfer Instructions
RISK MANAGEMENT SERVICES INCLUDED IN THE POLICY COVER
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:
- Bank Account Verification for Large Payments
- Crisis Communication & Public Relations
Skilled support in managing public relations crises and avoiding online media disasters. - SecurityVue Cyber Scan (SCS)
SecurityVue is a non-intrusive external scan of your internet-facing application and software. It evaluates your exposed attack surface and identifies potential security issues that can lead to a successful cyber-attack. The scan identifies the most critical issues and removes any unnecessary noise. - Fraud Risk Survey
A forensic investigator examines a company’s internal control systems (designed to safeguard assets) to identify any weakness and to determine whether anyone in the company has exploited these weaknesses and that may result in commercial crime being committed against the business. - Legal Support
Contract vetting and assessment. - Private Arbitration Services
Offered through TOKISO Dispute Settlement – this service works towards the 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.
DIVISIONAL CONTACTS
For general queries, please contact us at cybercrime@camargueum.co.za
IMPORTANT DOCUMENTS
Important Notice:
Please save the fillable PDF proposal form to your desktop before inserting information. If the proposal form is not saved accordingly, some information may be lost.
THE NEXT STEP?
Don’t have a broker? We’ll gladly refer you to one.