Crime

This program, administered by Alliant, provides employee theft including faithful performance of duty, forgery or alteration, and computer fraud coverage with the option of a $1M, $3M, or $5M limit of coverage excess the member deductible. When you consider your agency’s coverage limit, contemplate how much loss your agency can afford to absorb, what your agency does to prevent these types of losses, your agency’s previous experience with losses, and how it dealt with it/them.

The coverage includes:

• Faithful Performance
  Employee dishonesty, including theft, and failure of any employee to faithfully perform their duties. Includes all employees, the agency treasurer, agency clerk and/or tax collector and any employee required by law to be individually bonded.
• Depositor’s Forgery
  Loss by forgery or alteration of, on or in any check, draft, promissory note or similar written promise, order or direction to pay money that is made or drawn upon the member’s accounts, including credit, debit, or charge cards, by someone acting as the member’s agent or that are purported to have been so made or drawn. This coverage protects you against forgery or alteration losses caused by a person other than an employee.
• Crime – money and securities
  Covers loss of your money or securities by theft, disappearance or destruction while they are on your premises or on banking premises, or while your money or securities are outside your premises in the possession of a messenger. This coverage protects you from theft, robbery and safe burglary caused by persons other than an employee.
• Computer Fraud
  Theft directly related to the use of any computer to fraudulently cause a transfer of money, securities, or other property from inside the premises or banking premises to a person or place outside those premises.