Understanding Fidelity and Crime Insurance

The following information is offered to help understand the coverage. However, in order to fully understand the Fidelity and Crime Insurance Policy, the policy should be read and reviewed in detail. The precise coverage afforded is subject to the terms, conditions and policy is issued.

What is Fidelity and Crime Insurance?

Fidelity and Crime insurance provides an important safeguard against the actions of employee/volunteer dishonesty. This policy helps protect your assets, regardless of whether the dishonest acts occurred prior to or during the policy period.

Crime insurance offers protection against the most common fidelity threats, including losses due to employee dishonesty, credit card forgery, computer fraud and theft and disappearance and destruction of certain property. Crime coverage provides your association with a wide range of coverages arising from financial loss due to certain crimes.

Why do you need this Coverage?

Who is eligible?

Association Advantage Members of NASO.

Sample Benefit Summary:

Your association will have dedicated limits of insurance:

Crime Limit Retention
Employee Theft $25,000 - $100,000 $500 - $1,000
ERISA Fidelity Included $500 - $1,000
Forgery Alteration Included $500 - $1,000
On Premises Included $500 - $1,000
In Transit Included $500 - $1,000
Money Order and Counterfeit Money Included $500 - $1,000
Computer Fraud Included $500 - $1,000
Computer Program and Electronic Data Restoration Expense Included $500 - $1,000
Funds Transfer Fraud Included $500 - $1,000
Premium $100 - $380 $120 - $450

For additional information on Coverages, including claim scenarios (click here).

Notable Exclusions:

  • Personal Accounts Protection
  • Employee Theft of Client Property

If interested in securing Crime coverage, please contact Rashelle Stearns at [email protected] for more information and a quote.