$5,000,000 in Coverage for Social Engineering Fraud!!
Berkley Crime’s Insuring Agreement for Social Engineering Fraud is formally referred to as Corporate Deception Fraud.
What is Social Engineering?
Social Engineering involves deceptive tactics used by bad actors to exploit employees. These scams include trickery, impersonation, and fraudulent instructions, aiming to bypass security procedures and release funds to the fraudsters.
2023 FBI – IC3 Business Email Compromise (BEC) Data:
- Complaints: 21,489
- Losses: $2,946,830,270
How Berkley Crime Can Help:
- Primary Limits: Up to $5M
- Excess Limits: Up to $10M
- No Conditions Precedent to Coverage
- Broad Coverage: Fraudsters can impersonate vendors, customers, or employees
- Easy Application Process
- Expert Underwriting Staff: Helping you understand and communicate exposures and coverage
Don’t let your business fall victim to Social Engineering fraud. To learn more information about Social Engineering Fraud Insurance, please reach out to one of the Berkley Crime experts below.
Source: 2023_ic3report.pdf
Make Sure Your Clients Take a Proactive Approach To Protecting Their Business Should a Loss Occur
Make sure your clients have crime insurance. Take the steps to ensure that your clients are covered by calling one of the Berkley Crime team members listed below.
Sincerely,
Michael Beranek
Berkley Crime
Experts focused on your protection. We deliver.
| National Practice Leader Michael Beranek (646) 522-7362 [email protected] | East Regional Manager/Commercial Crime Product Leader Matt McNamara (212) 497-3707 [email protected] |
| West Regional Manager Brian Platt (720) 979-1155 [email protected] | Renewal Team Leader Cheryl Yorio (860) 466-7379 [email protected] |