CHES Special Risk Standalone Crime Coverage Solution Tailored for Small Businesses
CHES Special Risk Inc.
An award-winning MGA offering over 300 insurance solutions distributed through brokers and advisors
Small businesses continue to grapple with the pervasive threat of fraud, with statistics showing that they are the most common victims, accounting for 30% of all cases. In response to this pressing issue, we are thrilled to announces the launch of our standalone Crime Coverage product aimed at offering comprehensive protection to small businesses.
Michael Chaplik , Senior Underwriter, at CHES Special Risk Inc. , emphasizes the significance of this new offering, "When combating fraud, many small businesses encounter significant challenges. Our objective with CHES Crime Coverage is to furnish tailored solutions that cater to the precise needs of our clients, affording them peace of mind amidst the constantly shifting landscape of risks."
Small businesses not only bear the brunt of fraud losses but also experience the impact more profoundly than larger organizations. With a median loss of $150,000 and 23.2% of fraud losses totaling $1 million or more, the need for robust insurance coverage is paramount. Moreover, statistics reveal that employee theft outweighs external theft or embezzlement by a factor of 15%.
CHES Crime Coverage stands out for its competitive rates, offering starting rates at $100 with limits up to $3 million. The product boasts a very broad appetite with minimal restrictive classes, providing small businesses with the flexibility they require. Additionally, we offer Multi-Year Policy terms, ensuring long-term protection and stability for business owners.
Coverages:
In addition to crime coverage, CHES also offers Fine Art Insurance, which can be seamlessly integrated into the High-Valued Homeowners product, providing comprehensive protection for valuable assets.
Managing Partner / Insurance Advisor | Supporting Businesses in Identifying and Managing Their Unique Risks Connect to talk about Business / Growth & Earth ??
9 个月How about Cyber Fraud, Fraudulent induced transfers etc?