Cyber Insurance policies can provide cover for Social Engineering, Invoice Fraud, and other cybercrimes involving deception. These incidents often involve someone impersonating a trusted party to trick an employee into:

• Transferring funds to a fraudulent account
• Providing sensitive business or client information
• Paying a fake invoice or diverting a legitimate payment

This type of fraud is increasingly common, particularly in businesses that rely on email for financial transactions.

Cover for these events is not always included by default. Many standard policies either exclude or place sub-limits on these types of claims, so it’s important to review your wording carefully.

We can help you assess your exposure and determine whether your policy includes adequate protection or if an endorsement or additional cover is required.

Contact us if you’d like to confirm whether Social Engineering or Invoice Fraud is included in your policy, or if you would like to receive a quote for cover.