Crime & Social Engineering
Crime insurance is designed for money lost to theft, forgery and fraud, including theft by employees.
Design and engineering firms are frequent targets of payment fraud: a fake email from a client or vendor asking to change where a payment goes.
Where exposure tends to arise
Common Ways Firms Lose Money
Fake payment instructions
A spoofed email asks you to wire a fee, a retainer or a subconsultant payment to a new account.
Employee theft
Changes to payroll, vendor records or expense reports over time.
Forged checks and transfers
Altered checks or unauthorized transfers from the firm’s accounts.
Worth reviewing
Crime or Cyber?
Social engineering losses can fall under a crime policy, a cyber policy or neither, depending on the wording.
Sublimits are often low.
We compare both policies side by side so you know where a fraud loss would go, and we suggest simple payment checks that help prevent one.
Firms we work with
Architects Landscape Architects Interior Designers Civil Engineers Structural Engineers MEP Engineers Geotechnical Engineers 3D Laser Scanning & LiDAR BIM Modeling & Coordination CAD & Drafting Services Land Surveyors Environmental Consultants Special Inspection & Construction Monitoring Owner’s Representatives Construction Managers Forensic Engineers Expert Witnesses & Litigation Support Mining & Heavy Machinery Engineers Energy & LNG Engineers
Talk to a specialist
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.