Berkley Select, a Berkley company, on Thursday launched ExecCrime, a crime insurance coverage designed to address the escalating risks of fraud, theft and social engineering schemes impacting organizations of all sizes and industries.
ExecCrime is available as a standalone policy or as a complement to Berkley Select’s employment practices liability, directors and officers, and fiduciary policies.
It provides coverage for employee theft; theft on premises and in transit; forgery; computer fraud; funds transfer fraud: money orders and counterfeit currency; and credit card fraud.
ExecCrime is suitable for private and non-profit organizations including law firms, restaurants, retail, manufacturing and other classes of businesses.
Limits up to $5 million are available and coverage provided on an admitted basis in 49 states and Washington, D.C. Not available in California.