Willis counters business fraud threat with crime policy launch
Willis has reacted to the threat businesses face from fraud and other criminal activity with the launch of a new offering.
CRIMEstar, a commercial crime all-risks wording, is designed to cover businesses for losses sustained due to dishonest activity or criminal activity.
The broker said that the product - which was developed by Allianz, Axis and QBE among others - breaks away from the "conventional approach" of listing out specific crimes covered on an 'insured perils' basis.
Instead the offering is said to adopt an 'all-risks' approach in a bid to provide "broad, clear and transparent protection" from commercial
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