What is Business Fraud Insurance?
The advantages of our Business Fraud Insurance

Comprehensive
Benefit from broad coverage, encompassing both direct losses and associated costs to maintain your business's financial stability.

Flexible
Cover is tailored to your company's size, budget, and risks, providing the right level of protection whether you're a small business or a large corporation.

Reliable
Supported by our company's century-long history of protecting against economic crime, our team of legal professionals is dedicated exclusively to handling business fraud claims.
Fraud trends in the Benelux
- Companies in the Netherlands and Belgium are increasingly confronted with fraud and scams. 78% of companies say they have had to deal with them in the last two years.
- However, most frauds are committed by internal employees. The number of companies losing more than €100,000 to internal fraud has risen to 39%, but this figure was still below 25% in 2024. These are the findings of a survey of Benelux companies conducted by Allianz Trade in 2025.
- Cyber insurance does not protect companies against digital fraud. Damage caused by a false invoice sent by e-mail by a fraudster, for example, is not covered by cyber insurance, but fraud insurance is.
How does our Business Fraud Insurance work

Proactive measures are crucial in addressing economic crime. Therefore, we provide your organization with the necessary expertise to both prevent and detect fraudulent activities.
- Prevention: Equip your organization with the know-how to prevent and identify fraudulent acts.
- Crisis support: Access guidance from specialists to manage the business impact of fraud.
- Indemnification: Receive compensation for direct financial losses and other costs incurred.
What does our Business Fraud Insurance cover?
Internal Fraud
Internal fraud is committed by one or more of your employees or contractors. Since many business procedures rely on trust and internal control systems might not be strong enough, internal fraud is common and can significantly impact the financial health and reputation of your company.
Our coverage includes for example:
External Fraud
External fraud involves outsiders, including fraudsters using sophisticated tactics like social engineering to impersonate business partners or managers and fraudulently obtain funds or goods. Techniques include identity theft, deepfakes, voice and signature imitation, fake emails and IT-system intrusion.
Our coverage includes for example:
We cover a wide range of costs related to a business fraud case
Not only can direct financial losses jeopardize your company's financial health, but the associated costs can also be substantial and extend over time. Our product covers a wide range of costs related to a business fraud case, providing support when you need it most.
Our coverage includes for example:
- Contractual penalties
- Costs for mitigating reputational damage
- Business operation continuation costs (for 6 months).
- Certain ascertainment costs (up to 50% of the sum insured)
Do you want more information about our Business Fraud Insurance? Fill out the form and we will contact you as soon as possible.
Most asked questions
The advantage from Allianz Trade: Cover can also apply in the case of unidentified perpetrators – i.e., when it is not possible to identify who caused a loss.
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