Trust plays a central role in the day-to-day operations of every company. However, statistics show that fraudulent activities are on the rise. Fraud insurance protects your company against financial losses resulting from intentional or criminal acts committed by employees or third parties.

It kicks in exactly where trade credit insurance coverage ends—namely, when an employee commits fraud, embezzlement, breach of confidentiality, or an intentional breach of duty. The same applies when third parties cause damage to your company, for example through fraud schemes such as “fake president,” phishing, or pharming. In today’s highly interconnected business world, such risks are ever-present.

The financial consequences of such a breach of trust can threaten a company’s very existence. In the best-case scenario, this coverage is supplemented by cyber insurance .