(Bankers Blanket Bond BBB)
Crime insurance covers financial loss caused by intentional tortious actions of employees, in particular misappropriation, theft, fraud, forgery, computer fraud as well as other infidelities. To some extend losses arising from computer violation by hackers are covered as well.
All employees are basically considered as employees under the scope of coverage, including temporary staff, interns as well as managing directors, members of the executive board of directors, part-time employees and all other individuals performing employee-like duties on behalf of the insured organization, such as security-, maintenance- and cleaning staff.