Fraud, employee dishonesty, and hacker attacks pose serious threats to Cypriot companies. Every year, the corporate crime authorities register thousands of fidelity claims. Don’t waste more time! Protect yourself and your business against any criminal and fraudulent threats with Cyprus’ expert fidelity insurance brokers – Outrisk Insurance.
What is Fidelity Insurance?
What is Fidelity Insurance?
Businesses of all types and sizes often become victims of criminal, fraudulent or dishonest acts committed by employees, partners, or other external third parties.
Spying on confidential company information, sabotage, theft of money, malware, inventory embezzlement or data manipulation are only a few examples of the risks a company might face. The financial losses in such cases can be devastating for small and medium-sized businesses.
Here is where Fidelity Insurance comes into play.
Read MoreBusinesses of all types and sizes often become victims of criminal, fraudulent or dishonest acts committed by employees, partners, or other external third parties.
Spying on confidential company information, sabotage, theft of money, malware, inventory embezzlement or data manipulation are only a few examples of the risks a company might face. The financial losses in such cases can be devastating for small and medium-sized businesses.
Here is where Fidelity Insurance comes into play.
Fidelity Insurance or Fidelity Bond Insurance is a type of business insurance that offers adequate protection against financial losses caused due to theft, fraud, cybercrime or employee dishonesty.
A company with a comprehensive Fidelity Insurance will get compensated within the policy’s limitations if a corporate crime or fraud strikes.
Why insure your company against fraud, scams and crime with Outrisk Insurance?
Why insure your company against
fraud, scams and crime with Outrisk Insurance?
Outrisk Insurance provides companies in Cyprus with flexible and comprehensive protection against scams, fraud and crime committed by employees, temporary workers, external personnel, service providers or other external third parties.
We will be there for you to settle your claims fast, efficiently and hassle-free.
Our expert insurance brokers collaborate with leading insurance providers in Cyprus to bring you bespoke, flexible and affordable solutions to cover all your business needs.
Trust Outrisk insurance, and you’ll always have access to expert advice and unwavering support.
Outrisk Insurance provides companies in Cyprus with flexible and comprehensive protection against scams, fraud and crime committed by employees, temporary workers, external personnel, service providers or other external third parties.
We will be there for you to settle your claims fast, efficiently and hassle-free.
Our expert insurance brokers collaborate with leading insurance providers in Cyprus to bring you bespoke, flexible and affordable solutions to cover all your business needs.
Trust Outrisk insurance, and you’ll always have access to expert advice and unwavering support.
All Risk Protection
You receive comprehensive financial protection against any type of corporate fraud, dishonesty and crime caused by internal or external parties.
Tailored Packages
We offer bespoke fidelity insurance packages to fit your business needs and budget.
Reliable Insurance Broker
Serving Cyprus since 1989, we have an undeniable track record with successful fidelity insurance deals and 100% satisfied customers.
Competitive Premiums
You receive extensive coverage with various benefits at the most competitive prices in Cyprus’ insurance market.
Always By Your Side
Our team is readily available 24 hours, 7 days per week to help with urgent claim requests.
Expert Assistance
The top priority of our reliable and expert insurance agents is to help you choose the best insurance policies to protect your business, finances and reputation.
Who is this for?
Aimed at all companies in Cyprus – no matter their size or industry.
Call Us +357 97770067
Email us info@outrisk.com
Why do I need Fidelity Insurance?
Why do I need Fidelity Insurance?
Fidelity Insurance is indispensable for today’s businesses. Even though many might think that large companies are more likely to fall victim to in-house or cyber-related crimes, that’s not true. Smaller businesses are more vulnerable to cyber attacks and employee fraud as they have fewer anti-fraud internal controls and policies in place.
Fidelity Insurance is particularly beneficial for companies with employees handling cash and payment processes. While most employees hold high levels of integrity, there has been a steady increase in the number of dishonest acts at workplaces.
Read MoreFidelity Insurance is indispensable for today’s businesses. Even though many might think that large companies are more likely to fall victim to in-house or cyber-related crimes, that’s not true. Smaller businesses are more vulnerable to cyber attacks and employee fraud as they have fewer anti-fraud internal controls and policies in place.
Fidelity Insurance is particularly beneficial for companies with employees handling cash and payment processes. While most employees hold high levels of integrity, there has been a steady increase in the number of dishonest acts at workplaces.
Typical examples of employee infidelity include false expense claims, cash theft, fabricating invoices and theft of business assets.
Other types of corporate fraud and crime may involve the loss of property or funds through a cyber attack on the IT system.
With Fidelity Insurance, businesses can rest assured that any financial losses incurred through covered fraud and criminal acts are claimed back from their insurance provider.
Prepare your Cyprus-based company and its financial resources against all eventualities with an all-risks Fidelity Insurance – only by Outrisk Insurance!
What are the types of Fidelity Insurance against Employee Fraud?
What are the types of Fidelity Insurance against Employee Fraud?
Fidelity Insurance plans are available in four types.
- Individual policy – It covers a stated amount of financial losses caused by fraud or dishonesty of a particular employee.
- Blanket policy – Suitable for established businesses that want to cover different groups of employees, such as clerical staff or accountants. The names of guaranteed people are typically not shown.
- Collective policy – It covers business losses caused by the fraudulent acts of a group of employees. The covered amount is based upon each employee’s role and responsibilities.
- Floater policy – It covers a minimum of five employees with one amount of guarantee given across the group.
Fidelity Insurance plans are available in four types.
- Individual policy – It covers a stated amount of financial losses caused by fraud or dishonesty of a particular employee.
- Blanket policy – Suitable for established businesses that want to cover different groups of employees, such as clerical staff or accountants. The names of guaranteed people are typically not shown.
- Collective policy – It covers business losses caused by the fraudulent acts of a group of employees. The covered amount is based upon each employee’s role and responsibilities.
- Floater policy – It covers a minimum of five employees with one amount of guarantee given across the group.
What does Fidelity Insurance cover?
What does Fidelity Insurance
cover?
- Money theft
- Asset theft
- Fake orders
- Identity theft
- Embezzlement
- Fabricated invoices
- False expense claims
- Theft of collection tins
- Online banking hacking
- Third-party interventions in the IT system
- Phishing
- Spyware
- Money theft
- Asset theft
- Fake orders
- Identity theft
- Embezzlement
- Fabricated invoices
- False expense claims
- Theft of collection tins
- Online banking hacking
- Third-party interventions in the IT system
- Phishing
- Spyware
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Frequently asked questions
Fidelity Insurance premiums are calculated based on a business’s unique risks. That includes:
- Location
- Frequency of money transfers
- Internal security arrangements
- Employee’s years of service
- Auditing process
- Business records
- Cash exposure
