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Broadform Crime Insurance to Protect Your Business from Financial Loss

Standalone crime insurance designed to protect Australian businesses from fraud, theft and cyber-enabled crime.

  • Covers internal and external financial crime exposures
  • Protection beyond basic employee dishonesty cover
  • Higher limits with fewer gaps than embedded crime sections
  • Access to broadform Crime coverage wordings
Get My Crime Insurance Quote

Request a Broadform Crime Insurance Quote

No obligation. Cover structured to your financial risk profile.

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Australian insurance brokers
Policies structured to reduce crime and fraud gaps
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Understanding Your Cover

What Is Crime Insurance?

Broadform Crime Insurance is a standalone policy designed to protect businesses against financial loss caused by criminal acts, including fraud, theft, embezzlement, forgery and cyber-enabled crime. Unlike basic employee dishonesty cover, a broadform crime policy provides wider protection across both internal and external crime exposures, often with higher limits and fewer gaps.

This insurance is essential for organisations handling money, payments, client funds, inventory or digital transactions, where a single crime event can cause significant financial damage.

Is This For You?

Who Crime Insurance Is For

This insurance is commonly arranged by:

Medium to large businesses
Professional service firms (accountants, law firms, consultants)
Financial services businesses and brokers
Property managers and strata managers
Construction and engineering firms
Retail and wholesale businesses
Not-for-profit organisations and charities
Organisations handling trust accounts or client funds
Cover Options

What Does Crime Insurance Typically Cover?

Employee Dishonesty

Direct financial loss caused by fraudulent or dishonest acts of employees, including theft and embezzlement.

Theft by Third Parties

Loss of money, securities or property due to theft by non-employees.

Computer & Cyber Crime

Losses from unauthorised access, hacking and electronic funds transfer fraud.

Social Engineering & Fraudulent Instruction

Losses caused by deception, fake invoices and impersonation scams.

Forgery & Alteration

Losses from forged cheques or altered financial documents.

Client or Third-Party Funds

Loss of money or property held on behalf of clients or third parties.

Beyond the Basics

Additional Covers & Policy Extensions

Policy Options

How Crime Insurance Is Structured

1

Standalone Annual Policy

A dedicated crime policy arranged annually, providing focused cover not restricted by other sections. It offers defined limits, broader insuring clauses, and tailored extensions for employee dishonesty, fraud, and third-party crime exposures.

2

Loss-Discovered Basis

Cover operates on a loss-discovered basis, triggered when a loss is first identified during the policy or discovery period. This allows protection for incidents that occurred earlier but were only discovered later.

Limits apply per claim and in the aggregate, with sub-limits for certain crime types. Excesses apply per claim, and discovery periods often continue after policy expiry. Insurers assess internal controls, transaction volumes and cyber security practices as part of underwriting.

Why It Matters

Tailored Crime cover solutions

Financial crime losses are increasing and evolving

Social engineering scams bypass traditional controls

Losses are often not recoverable

Standard property or cyber policies may not respond

Covers both internal and external crime exposures

Protect Your Business from Financial Crime

Speak with a broker who understands financial crime risk.

Get My Crime Insurance Quote

Important: Broadform Crime Insurance does not automatically cover known or previously discovered losses, poor internal controls, contractual disputes, cyber system damage or intentional acts by directors unless endorsed. Coverage definitions, exclusions and triggers vary significantly between insurers. Broker advice is critical to ensure crime, cyber and management liability policies work together without gaps.

FAQ's

Broadform Crime Insurance is a standalone policy that protects businesses against financial loss caused by internal or external criminal acts, including employee theft, fraud, social engineering scams and cyber-enabled payment fraud.
Yes. Broadform Crime Insurance typically covers financial loss caused by dishonest or fraudulent acts committed by employees, including embezzlement, misappropriation of funds and internal theft.
Many Broadform Crime policies cover cyber-enabled financial fraud, including social engineering scams, fraudulent payment instructions and unauthorised electronic funds transfers. Coverage varies by insurer and sub-limits may apply.
Social engineering fraud occurs when a business is tricked into transferring money due to deception — for example, fake supplier invoices, impersonation of executives or phishing scams. Crime Insurance can provide cover for these losses where specifically included.
No. Cyber Insurance primarily covers data breaches, network security events and privacy liabilities. Crime Insurance focuses on direct financial loss due to fraud, theft or dishonesty. Many businesses require both to ensure comprehensive protection.
Yes. Broadform Crime Insurance can cover theft of money, securities or property by non-employees, including robbery, burglary and fraudulent third-party activity.
Coverage can extend to directors, officers and volunteers depending on policy wording. Some policies automatically include them; others require endorsement.
Broadform Crime Insurance is generally written on a “loss discovered” basis. This means the policy responds when a loss is discovered during the policy period, even if the fraudulent act occurred earlier (subject to retroactive provisions).
Crime Insurance typically does not cover known prior losses, intentional acts by the insured entity, poor internal controls, contractual disputes or losses unrelated to criminal activity. Policy exclusions vary between insurers.
Yes. Small and medium businesses are frequently targeted by fraud and payment scams due to less complex financial controls. Crime Insurance can protect against potentially devastating financial losses regardless of business size.
If you need to make a claim, contact Seguro Insurance Brokers directly. Our team will guide you through the claims process, help you gather the required documentation and liaise with the insurer on your behalf to ensure your claim is handled efficiently.
Get My Crime Insurance Quote