Master Crime

This program provides coverage for illegal acts committed by employees while on the job. 

Coverage Provided

Governmental Crime Policy on Discovery Form including:

  • Employee theft including Faithful Performance of Duty (Per Loss Coverage)
  • Forgery or alteration including Credit, Debit or Charge Card Forgery
  • Inside premises - Theft of money and securities
  • Inside premises - Robbery or safe burglary of other property
  • Computer fraud and funds transfer fraud
  • Money orders and counterfeit paper currency
  • Outside the premises

Limit: $15,000,000 each occurrence

Renewal Date:  June 30

Current Members: 122

Deductible per occurrence: $2,500 or $25,000 (varies by member)

Requirements

  • Crime application
  • Six years of loss history or signed no known or reported loss letter on entity’s letterhead; loss information should include: Date of Occurrence, Description of Occurrence, Total Amount of Occurrence, Total Paid Loss
  • Current audited financial statement including auditor’s report and management report
  • Complete listing of named insured’s

Claims

Crime Program Claim Reporting Procedures