Willis Towers Watson
What is it?
Crime insurance is designed to protect the direct financial loss suffered by a company arising from any employee fraud or a dishonest act of a third party and is a key component of risk management strategy against crime loss. Purchasing crime coverage should form part of a comprehensive risk management strategy that helps to offset the financial burden from such loss and demonstrates management's awareness of a real threat.
Who should consider buying this insurance?
If you answer yes to any of these questions, then Crime insurance should be considered as a means of protecting against any losses experienced as a result of crime:

– Do you have employees?
– Do you handle cash?
– Do you own a computer?
– Do you own data or customised software?
– Are you an owner or tenant in a building?
– Do you own inventory?
– Do you handle securities?

When a loss is discovered the costs and consequences can be catastrophic so it is important to be ready to act in order to minimise its effects on the business. Crime insurance is an efficient way of protecting your company's assets from a crime loss and can form an essential part of the insurance portfolio helping to protect shareholders' money.
How do we add value?
We have a number of core initiatives which provide tangible value to our clients' risk management process including:

Richard is a Senior Vice President and Willis' Financial Services Practice Leader, based in New York. During his 25-year banking career, he has managed sales, trading and team structuring for some of the biggest financial institutions.

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