Commercial Crime Insurance Fundamentals

• Welcome Message from Instructor
• Course Objectives
• Downloadable Material

• Chapter introduction & objectives
• What is commercial crime insurance? FREE PREVIEW
• Commercial crime statistics
• What is insured by a commercial crime policy?
• Who is insured by a commercial crime policy?
• What crimes are covered?
• Who perpetrated the crime?
• Where did the loss occur?
• How was the crime committed?
• What is not covered in a commercial crime policy?
• Interactive Exercise Instructions
• Interactive Exercise

• Chapter introduction & objectives
• The crime must fit the terms of the policy
• Two kinds of insuring agreements
• Requirements for coverage
• The complex nature of employee crime
• Manifest intent FREE PREVIEW
• Robin Hood fraud
• Who is an employee?
• Claim reporting rules
• The timing of events
• Loss sustained
• Loss discovered
• How to avoid reporting a claim too late
• Discovery date
• When crime strikes
• Activity: What to do and expect when filing a claim?
• Interactive Exercise

• Chapter introduction & objectives
• What does coverage look like in a commercial crime policy?
• What is covered? Employee insuring agreements
• What is covered? Non-employee insuring agreements
• Extensions
• Client property coverage
• Employee benefit plan/ Pension administrator's coverage
• Social engineering fraud
• ERISA bond
• Personal account protection
• Telephone fraud, mail and courier rider, data restoration
• Claim expense and extended reporting period
• Activity - Claim Scenarios
• Interactive Exercise

• Chapter introduction & objectives
• Employee crimes: common, expensive and complex FREE PREVIEW
• Common types of fraud
• Claims example: large gold mining company
• Claims example: lawyer
• Not-for-profit organizations claims examples
• Managing commercial crime risk
• Human resources controls
• Operations controls
• Interactive Exercise

• Chapter introduction & objectives
• Why organizations buy commercial crime insurance?
• The application process
• Application checklist
• Social engineering fraud application checklist
• What to buy? A look at different options
• What to buy? Choosing an option
• Other coverage decisions: who is covered and what is covered?
• Other coverage decisions: policy terms (loss sustained to loss discovered & vice versa) FREE PREVIEW
• Other coverage decisions: limits
• Other coverage decisions: coverage limit
• Other policy decisions: deductible
• Other terms and conditions
• Selecting an insurer
• Interactive Exercise

• Course Survey
• Course Wrap Up
• Commercial Crime Insurance Fundamentals Final Assessment

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