Employee Dishonesty Insurance

Defend your business from internal threats

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When is this useful?
Despite your best efforts, it is very possible that you’ve hired a dishonest actor. Someone who could cost your company crores with their actions. While having internal checks and balances and proper corporate governance can help avoid such risks, it's prudent to have a policy in place to mitigate this risk.

What is employee dishonesty insurance?

Employee Dishonesty Insurance protects your business from financial losses caused by immoral activities of an employee, such as theft, embezzlement, or forgery. Think of this policy as your essential line of defence against dishonest acts from within your organization.

Why do you need employee dishonesty insurance?

Financial Security
Safeguards your business from financial loss due to employee fraud
Asset Protection
Protects your financial assets from dishonest acts
Risk Management
Helps manage the risk associated with employee dishonesty
Peace of Mind
Provides comfort in knowing your business is protected
Employee Trust
Act as a deterrent and foster an environment of trust and integrity within the company
Operational Continuity
Ensures business operations can continue smoothly after an incident

What does employee dishonesty insurance cover in India?

Theft
Covers loss due to stealing of money, securities or property by an employee
Forgery
Protects loss from forgery or alteration of financial documents
Embezzlement
Covers loss due to fraudulent appropriation of funds by an employee
Fraud
Addresses direct financial loss caused by fraudulent activities of an employee
Unauthorised Transfers
Protects against loss from unauthorized electronic fund transfers.
Safeguard Business Assets
Crime insurance helps protect businesses' physical assets, such as property, inventory, and equipment, from theft, burglary, and vandalism.
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Who should buy professional indemnity insurance?

New startups
For startups, even a small act of employee dishonesty can be financially devastating. This insurance helps ensure your startup's financial health.
Growth Stage
As your team expands, the risk of dishonesty increases. Employee Dishonesty Insurance provides an essential safety net as the scale of your operation.
Large Entities
For larger organizations, with larger workforces, the potential for dishonest acts can also be greater. Employee Dishonesty Insurance is crucial to safeguard against significant financial losses.
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How is D&O liability insurance cover better with Plum?

Risk mitigation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Adequate evaluation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Legal compliance
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Regulatory investigation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Builds reputation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Financial coverage
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.

Frequently asked questions

Why do I need business insurance?

Business insurance is essential because it safeguards your business from unforeseen financial risks. It can help cover the costs of property damage, liability claims, legal fees, and other expenses that could otherwise affect your business.

How much does business insurance cost?

The cost of business insurance depends on many factors, including the size of the business, the industry, the location and the coverage limits. Check out our recommendation engine to receive policies tailored to your business with estimated costs.

What does business insurance cover?

The coverage provided by business insurance depends on the type of policy you purchase. Common coverage areas include property damage, liability claims, shareholder lawsuits and data breaches.

Do companies belonging to specific industries particularly need business insurance?

Every business faces unique risks and liabilities, regardless of industry.

It would be prudent to reach out to your insurance provider for a clear picture of the risks typically faced by businesses like yourself and how to mitigate such risks. Book a meeting with a Plum insurance expert here.

Why should I choose Plum for Business Insurance?

  1. Provides one-touch access to trusted insurers and cost-effective plans.
  2. Connect with insurance experts for regular check-ins and advisory support
  3. Brings the expertise and leverage with insurance companies for high-value claims