Does employee-theft insurance answer the question about client payment fraud?
The label alone does not show whether a specific event is covered. Ask the insurer whether the proposed form distinguishes employee theft, outside impersonation, and redirected client payments.
Describe who can initiate and approve transfers, what controls exist, and whether client funds pass through company accounts.1
Review the definitions and exclusions in the quote; this guide does not assert that client-fund or social-engineering losses are covered.1,3
Read the Finance and Accounting Insurance Buying Guide
Sources and Further Reading for Finance and Accounting
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