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Dec 14
Access Fidelity and Crime Coverage from Travelers

​What constitutes workplace fraud? Big “I" Markets partner Travelers produced a two-minute video to help explain it: "Fidelity and Crime - Demystifying Management Liability." Feel free to share this informational video with your clients.

Fidelity and crime coverage from Travelers covers employers for direct loss, as well as identity fraud reimbursement and reasonable claim expenses. Clients can obtain coverage on a standalone basis or as part of Travelers Wrap+ for Executive Liability for Private Companies. Pick and choose the coverages your client needs, and leave off what they don't. In the future, you can add new or drop old coverage as needed.

Features common to all liability coverages include:

  • Additional defense coverage
    • Includes additional defense limit of liability
    • Survives exhaustion of base limit
    • Available for each liability coverage elected or shared
  • Defense options
    • Duty to defend: 100% predetermined allocation
    • Reimbursement
  • Single retention for claim triggering multiple liability coverages and no retention if unable or not permitted to indemnify
  • Worldwide coverage: claims-made or occurring
  • Foreign parent corporation coverage as co-defendant
  • Severability of application representations
  • Subsidiary acquisition: 25% of assets
  • Extended reporting period
    • Bi-lateral
    • Three-year runoff available for predetermined premium
  • Duties in the event of claim: triggered by knowledge of executive officer

As part of the coverage, your clients receive access to Risk Management Plus+ Online®, a one-stop resource that provides a comprehensive set of tools to help protect their organization from costly litigation.

To access Wrap+, please log in to Big "I" Markets and look for Wrap+ in the commercial product listing. Note: The Community Homeowners Associations and Healthcare Organization are not currently available through Big "I" Markets.

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