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Becoming an eKo Specialty client is fast, easy and commitment free.  To inquire or learn more, please call us at 805.373.6968 or use our contact form.

This information is designed to give you a quick overview of the coverage and how it works. Your policy is the contract that specifically and fully describes your coverage. Please feel free to call 805.373.6968 with any questions.

Most Fidelity & Crime policies respond to a wide range of losses, including those resulting from forgery or alteration, theft of money and securities, robbery and safe burglary and computer fraud. Fidelity losses can and do significantly impact company assets. The average business loses 6% of its total annual revenues to employee fraud which translates to losses of approximately $4,500 per employee. The prevalence of computers and electronic funds transfers makes companies even more vulnerable to fraud-related losses. No company is immune; losses occur in large and small business alike, regardless of industry and past loss experience. Losses can be devastating, that they can put a company out of business altogether. In fact, many business failures are tied to an uninsured or underinsured crime or fraud.

• Premiums start at $1,500.
• Deductibles start at $1,000.
• Limits are available to $25,000,000.
• Please click here to download the Fidelity & Crime application.

Please note: Most Insurers require ten employees to satisfy underwriting requirements. These carriers view the number of employees as an indication the company might have internal controls and safeguards in place.

NOTE:  The claims scenarios summarized are offered only as examples. The examples are not intended to establish any standards of care or to serve as legal advice appropriate for any particular factual situations. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. 

1. An office employee and a warehouse employee conspire to ship hundreds of pieces of inventory to fictitious customers over a six-month period. When the office employee goes out on sick leave, his replacement discovers the scheme.

Outcome - Over $275, 000 of stolen items were discovered.

2. A non-profit organization's controller had check-signing responsibility as well as access to the organization’s checking account. During his employment, the employee set up a fictitious firm that allegedly provided financial services to the organization. The loss wasn't discovered until after the employee had left the organization and was caught doing the same thing to his next employer, at which time he admitted that he had established the phantom firm for the sole purpose of stealing from his employer.

Outcome - A thorough investigation determined that the controller had taken nearly $600,000.

3. A non-profit zoo's maintenance supervisor went on a two-week vacation, during which the zoo discovered that its maintenance equipment records did not match with equipment used by the facility. After a review of the equipment, the zoo found that over 50 pieces of equipment were missing.

Outcome - An investigation concluded that the maintenance supervisor and a truck driver had conspired for 18 months to place extra pieces of equipment on the driver's truck. The truck driver then delivered the equipment to a buyer who paid the driver cash. The driver and maintenance supervisor split the cash payments.

• Off-site premises may be endorsed to include coverage for employee theft of client property occurring on the client's premises. 

All companies.