https://completemarkets.com/company/ipmg/crime-coverage-insurance/
IPMG (Insurance Program Managers Group) offers a specialized Crime Coverage Insurance program that helps agents and brokers place standalone protection for clients that face financial loss from criminal acts. Through IPMG’s relationships with multiple E&S markets, you can access monoline crime solutions tailored for private and publicly traded companies, not-for-profits, and public entities.
Ideal Accounts and Appetite
This program is designed for insureds that need a dedicated crime policy as part of their enterprise risk management. Target classes include:
Mid- to large-size private or public companies with significant cash handling, receipting, or electronic transaction volume
Municipalities and other public entities exposed to internal or external fraud risks
Not-for-profit organizations that handle donations, grants, or other funds vulnerable to employee dishonesty
You might have a client such as a regional nonprofit with multiple fundraising channels or a local government office with decentralized cash handling—both would benefit from a monoline crime program placed through IPMG.
Coverage Highlights and Advantages
IPMG’s Crime Coverage Insurance program offers broad protection for a full range of crime exposures:
Employee Theft and Employee Dishonesty
Forgery and Alteration of checks, credit card receipts, and other negotiable instruments
Theft, Disappearance and Destruction (on and off premises)
Computer Fraud and Funds Transfer Fraud
Money Orders and Counterfeit Currency losses
Key policy features and options:
Primary and excess limits available to build layered programs
Discovery form wording
Worldwide coverage options where appropriate
Limits available up to $10 million, subject to underwriting
The program is structured to address both internal threats (employee dishonesty, collusion) and external schemes (cyber-assisted fraud, social engineering, forged instruments).
Underwriting Notes and Minimum Premiums
As a managing general agency and E&S broker, IPMG underwrites accounts with flexibility based on complexity and exposures. Preferred submissions include:
Recent financials and loss runs
Description of internal controls, segregation of duties, and treasury procedures
Details on electronic payment and funds transfer processes
Minimum premiums vary by class, limits, and coverage scope—submitters should expect underwriting questions about controls and loss history to determine pricing and eligibility.
Territories and Availability
This non-admitted program is currently available in Florida, Illinois, Indiana, Iowa, and Missouri. Agents and brokers writing business in these states can access IPMG’s E&S markets for competitive placement options.
Why Work With IPMG?
IPMG combines niche commercial program experience with direct access to multiple excess & surplus markets. That means:
Responsive underwriting geared to complex or unusual crime exposures
Flexible placement options, including primary and excess layers
A partnership approach for agents—IPMG supports submissions, negotiates terms, and helps structure limits and retentions
Whether you’re placing a municipality, a multi-site nonprofit, or a growing company with heavy transaction volume, IPMG can help secure tailored crime protection where admitted markets may not be available or sufficient.
Give us a call for more information about IPMG's Crime Coverage Insurance!
Frequently Asked Questions
What types of accounts are a good fit for this program?Ideal accounts include private and public companies, municipalities, and nonprofits that handle significant cash flows or financial transactions and need protection against fraud, theft, or employee dishonesty.
Is this coverage available on an admitted basis?No. This program is offered on a non-admitted basis through multiple E&S markets accessed by IPMG.
What is the minimum premium for this program?Minimum premiums vary depending on the risk profile, selected limits, and coverage options. Contact IPMG for specific underwriting guidance and premium indications.
Can this policy be written as excess over another crime policy?Yes. IPMG can provide both primary and excess limits to create layered coverage structures when appropriate.
Which states is this program available in?This program is currently available in Florida, Illinois, Indiana, Iowa, and Missouri.
Need help placing an account? Connect with a market specialist.