https://completemarkets.com/company/continental-risk-continental-marine-insurance-services/crime-insurance/
Overview — Continental Risk: Crime Insurance
Continental Risk / Continental Marine Insurance Services offers a flexible Crime Insurance program designed for agents and brokers placing business that needs protection from employee dishonesty, forgery, theft, disappearance and cyber-enabled crimes. The product is available as admitted paper in most states and can be written as a stand-alone Crime policy or packaged with Directors & Officers, Employment Practices Liability, Fiduciary Liability and/or Pollution Defense for convenient multi-line placement.
Coverage Highlights
Employee Theft, Forgery and Alteration, Theft of Money & Securities (inside and outside the premises)
Computer Fraud and Funds Transfer Fraud — additional limits available for cyber-enabled loss scenarios
Shared aggregate option — combine limits with other liability sections in the policy for premium credit
Cafeteria plan flexibility — select the coverages your client needs (employee theft, forgery, funds transfer, computer fraud, etc.)
Broad definition of “employee” — includes seasonal, short-term and leased employees
ERISA/employee benefit plans — automatically included as insureds where applicable
Ideal Accounts and Appetite
This program suits small to mid-sized commercial accounts across many industries where crime exposure and cyber-enabled theft are a concern. Typical fits include:
Retail and hospitality businesses with cash-handling and POS exposure
Professional services and financial firms that face funds-transfer and social-engineering risks
Manufacturing and distribution firms with inventory and payroll exposure
Not-for-profits and employee benefit plans that require ERISA coverage
Accounts with sound internal controls, segregation of duties, bank reconciliation procedures and basic cyber controls are preferred. Higher-risk placements (repeated internal fraud without remediation, extensive cash-intensive operations without controls) should be submitted with clear loss-control plans.
Underwriting Notes and Minimum Premiums
Continental Risk works with both admitted and non-admitted carriers to provide flexible solutions. Underwriting focuses on operational controls, employee hiring practices, bank/transfer procedures and cyber security posture when computer fraud or funds-transfer coverage is requested.
Minimum premium: Will vary with carrier.
Provide recent loss runs, descriptions of internal controls, employee screening procedures and details on wire-transfer authorization processes where applicable.
Packaging options are available and can produce premium credits through shared aggregate arrangements.
Territories and Product Positioning
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Admitted paper is offered in most states; Continental Risk also places business with admitted and non-admitted markets as required to meet client needs.
Why Place Crime with Continental Risk
Access to admitted and E&S markets — flexibility to place most accounts.
Program features tailored for agents: cafeteria plan selections, shared aggregate options and ERISA inclusion.
Underwriting geared toward practical loss control — straightforward requirements and experienced placement for cyber-related crime exposures.
Work directly with an Excess & Surplus Lines broker experienced in combined liability placements when clients need multi-line solutions.
Example Scenarios
You have a regional retail client with multiple locations and cash-handling exposure. Continental Risk’s Crime program can combine employee theft and forgery coverage with computer fraud protection for funds-transfer exposures.
You represent a small financial services firm concerned about wire-transfer fraud. The program’s computer fraud and funds transfer coverage — written admitted where available — can be tailored to fit their operational controls and risk profile.
Frequently Asked Questions
What types of accounts are a good fit for Continental Risk’s Crime program?Small to mid-sized commercial accounts with employee theft, funds-transfer or forgery exposures. Retailers, professional services, not-for-profits and firms sponsoring employee benefit plans are common fits, especially when basic internal controls and bank procedures are in place.
Is cyber-related crime included or sold separately?Computer Fraud and Funds Transfer Fraud are available as part of the Crime program. These can be added as specific coverages when cyber-enabled theft or social-engineering risks exist.
Can I package Crime with other liability products?Yes. The Crime program can be written as a stand-alone policy or packaged with D&O, EPL, Fiduciary Liability and/or Pollution Defense. A shared aggregate option may be available for premium credit when combined.
Need help placing an account? Connect with a market specialist.