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fraud-insurance

Fraud insurance

As digital technology evolves, the incidence of fraud is increasing sharply. Protect your business against financial losses from internal and external fraud.

What is a fraud insurance?

CEO fraud and fraudsters posing as customers or suppliers are a growing threat to businesses. This is not always about a third party criminal activity. Your own employees can also be responsible for the fraud. There are thousands of white-collar crime cases every year. Whether fraud is committed inside or outside your business, financial losses have a major impact on your business and can often run into millions of dollars.

With our fraud insurance, you protect your company against financial losses due to  internal fraud and  external fraud. You will surely also have to invest money to limit damages such as legal costs. Good news! In addition to the financial losses, these costs are also included in our fraud insurance.

Why do you need a fraud insurance?

  1. Companies in the Netherlands and Belgium are increasingly confronted with fraud and scams. 78% of companies say they have had to deal with them in the last two years.
  2. However, most frauds are committed by internal employees. The number of companies losing more than €100,000 to internal fraud has risen to 39%, but this figure was still below 25% in 2024. These are the findings of a survey of Benelux companies conducted by Allianz Trade in 2025.
  3. Cyber insurance does not protect companies against digital fraud. Damage caused by a false invoice sent by e-mail by a fraudster, for example, is not covered by cyber insurance, but fraud insurance is.
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What do you ensure with our fraud insurance?

  • Financial losses resulting from the criminal activities of employees. This could include theft, breach of trust, fraud, embezzlement or damage to property.
  • Losses due to false identity, as in the case of ‘president fraud’ or embezzlement by third parties posing as one of your business partners.
  • Damage caused by third parties in the context of certain forms of fraud, theft or swindling.
  • The possibility of co-insuring damage caused by the theft of trade secrets.
  • Costs resulting from fraud, such as data recovery and legal proceedings.
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Vrouw in auto die blij is dat ze een fraudeverzekering heeft afgesloten

How does our fraud insurance work?

  • As from your subscription, you receive a risk prevention guide and alerts about new threats to help you to protect you against the risk of fraud.
  •  In case of proven fraud, our claims managers and our mandated experts will help you to manage the crisis.
  • When the amount of the fraud has been fixed, you will be indemnified for the direct financial losses and associated costs with the 30 days.

What does our fraud insurance cover?

Internal fraud

An internal fraud is perpetrated by one or more of your employees. As procedures in many businesses are often based on trust and internal control systems may not yet be sufficiently robust, the internal fraud is very common and the losses can severely affect the financial health and the standing of your company. Common examples of internal fraud include:

• Payment of false invoices to a personal bank account
• Theft of office equipment
• Purchasing inappropriate business gifts
• Using company funds to buy goods for personal use

External fraud

An external fraud is organized by people outside the company. The latest generation of fraudsters use ultra-sophisticated means to attack companies by posing as a business partner (false supplier or false customer), or even a manager (CEO fraud), always in order to receive fraudulently funds or goods.

Techniques used by these new fraudsters include identity theft, imitation of voice and signature, persuasion, intimidation, false emails and system intrusion.

More information about our fraud insurance?

Fill out the form below and we will contact you as soon as possible.

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