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Business Fraud Insurance

Allianz Trade UK's Business Fraud Insurance covers a company’s losses from fraudulent or
deliberate unlawful actions of staff, contractors and criminals.

What is business fraud insurance?

Business fraud insurance is a key component of today’s corporate risk management and supports a proactive approach to mitigating the ever-present risk and often significant business impact of internal and external fraud.

It supports an organisation’s risk prevention, provides support once fraud is detected, and, crucially, it covers financial losses.

Internal and external protection

Business fraud insurance protects against fraud committed by what are known as ‘trusted persons’. From permanent and temporary staff, through to external contractors and consultants, you’re covered for theft, fraud, embezzlement or damage to property.

It also covers businesses from certain external threats perpetrated by scammers and organised criminals. This includes robbery, theft, fraud and main variants of the increasing threat of social engineering.

Business fraud insurance can also sometimes be referred to as commercial crime insurance or fidelity insurance.

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The growing risk of fraud

17%
 rise in fraud in the UK, partly driven by the cost-of-living crisis 1
51%
of global organisations admit experiencing fraud in the last 2 years 2

How business fraud insurance works

Prevention is always better than cure, which is why business fraud insurance equips your organisation with the know-how to prevent and identify fraudulent acts.

And in the event of a claim you’re given access to crisis management support to deal with an incident, as well as being indemnified for direct financial losses and other costs incurred.

Prevention
Equip your organisation with the know-how to prevent and identify fraudulent acts.
Crisis support
Access guidance from specialists to manage the business impact of fraud.
Indemnification
You’re covered for direct financial losses and other costs incurred.

Who is Business Fraud Insurance for?

Allianz Trade UK's Business Fraud Insurance is designed for businesses with annual revenues exceeding £15 million. This product is tailored to meet the needs of both medium-sized, corporates and multinationals, providing comprehensive protection against fraud for various company sizes and structures.

 

Examples of losses covered

Direct financial losses

For example, an emptied bank account, redirected money, an emptied safe deposit box, a stolen piece of equipment or simply embezzling company money.

Other costs incurred

For example, legal costs of lawsuits, the cost of mitigating reputational damage and costs for “repair and retrieval”.

Why Allianz Trade for business fraud insurance?

Allianz Trade is European leader in Business Fraud insurance. Designed for businesses with annual revenues exceeding £15 million, we give our business customers confidence in tomorrow.
Tailored 
Cover is tailored to your company size, your budget and the risks you want to cover.
Comprehensive
You’re covered from the boardroom to temporary staff and contractors, through to external fraudsters.
Retroactive
Fraudulent acts that occurred before cover started but were discovered whilst insured are covered.

Request a call-back

Complete the form for your free no-obligation Business Fraud Insurance consultation.

Alternatively, call us Mon-Fri, 09:00–17:00 on +44 (0)20 7860 2063.

Please note that our Business Fraud Insurance is designed for businesses with annual revenues exceeding £15 million.

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Allianz global customer satisfaction rating

Total reviews: 1935

That's what clients said about us

09/04/2025

Please pass on my thanks to the lady who assisted me (didn't catch her name). She was incredibly helpful and clearly very knowledgeable on all aspects of my query & the system. After having a policy for almost 12 months, we still had not fully understood how the policy / cap & online portal worked and now we do so thank you very much for all your help!

08/04/2025

*** was willing to deal with all my queries, her approach was very welcoming and friendly, a pleasure to deal with.
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References:

1. Cifas 2022 Fraudscape report
2. PwC’s Global Economic Crime and Fraud Survey 2022