Employee Dishonesty Insurance

Employee Dishonesty Insurance for those you trust

This cover is also known traditionally as “Fidelity” or the more recent terms of Crime cover or Employee Theft or Employee Fraud.

Most of the policies concern only internal theft by staff but some Commercial Crime policies also cover external events. These are more specialist covers and certainly worth considering, but for small to medium businesses unfortunately they often have an ongoing problem with their own staff helping themselves.

The loss covered is when a staff member dishonestly or fraudulently takes is for a loss of assets such as money, negotiable instruments or goods that occur during business operations.

There is still an onus on the Insured policyholder to follow certain conditions of the cover when needing to make a claim including only being able to report a matter where it has occurred in the past 12 months and you have up to one year if the policy is not renewed or lapsed to find and report the matter to insurers.

The policy also covers the claim preparation costs in establishing the extent of loss. Also the section can be extended to include Super Funds and Social Club funds.

This cover can be bought as a stand alone policy but is quite cost effective when taken as a section of a Business Pack or within a Management Liability policy. Some Professional Indemnity policies can be extended also for Fidelity coverage but this is aimed at the Trust Funds or money belonging to clients that Professionals can often be responsible for.

For more information about this risk read more here

Latest News

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

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