Lloyd's insurer Beazley Group has introduced a new crime insurance policy in the US, which offers coverage limits of up to $25m for non-financial organisations.
The policy also insures against third party related losses for forgery, theft from premises or while in transit, counterfeit currency, and computer fraud.
Options for client property, credit card and claims expense coverages are also available.
The company’s crime offering targets commercial crime for companies in the healthcare, technology, media and business services, manufacturing, distribution and retail markets with greater than $500m in revenue.
Crime insurance protects organisations from loss of money, securities, or other property resulting from crime by their own employees.
Beazley provides underwriting services for hospital professional liability insurance, with a focus on well managed institutions, including a quarter of Healthgrades’ hospitals in the US and 15% of US News & World Report’s best hospitals.