Corporate Frauds in India has been on rise every year. Even with best of practice, rules and regulations in place, whenever a corporate fraud surfaces it surprise one and all in the management. The worst is that a discovered corporate fraud is just a tip of iceberg, it amazes that the perpetrator was committing the crime for few years.
Commercial crime insurance covers:
- Dishonest or fraudulent act committed by an employee or any other person (acting alone or in collusion with others).
- Computer Fraud
- Theft, Disappearance of Destruction
- Forgery & Counterfeiting
- Fund Transfer Frauds