Crime/Employee Dishonesty

Social engineering fraud is a type of fraud that has become increasingly common over the last several years. However, even though many instances of this fraud transpire over email communications, it’s a company’s crime policy, not a cyber policy, that would often provide coverage in the event of a social engineering fraud coverage loss. This is why it is especially important to understand your crime policy, how it might cover SEF, why it may not, and what endorsements you may want to obtain to be sure SEF doesn’t leave your company exposed.

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