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.

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.

  • Protects your business from fraud
    Covers direct financial losses caused by internal fraud, and certain external risks like fraud using fake identities.
  • We cover the extra costs too
    That includes legal fees, reputational damage support, and contractual penalties linked to the fraud.
  • Covers past fraud (if you didn’t know about it):
    We’ll cover fraudulent activity that happened before your policy started, as long as you discovered it while you were insured.

We shape your cover around your business. Your size, your budget, and the risks you want to protect against.

From the boardroom to external fraudsters, you're covered. Whether it's full-time staff, temps, or contractors.

Backed by over 100 years of experience, our legal experts focus solely on supporting and resolving business fraud claims.

55%
of Irish and UK firms experienced fraud in the last 2 years 1
42%
of UK organisations have experienced supply chain fraud –
double the global rate. 2

Fraud insurance helps you stay one step ahead. You’ll get access to our Fraud Prevention Library, packed with practical tools and insights to help you spot risks early and stop fraud before it happens.

If fraud does occur, you’ll have expert support to manage the situation, plus cover for direct financial losses and any related costs.

  • Prevention: Tools, training and resources to equip your organisation with the know-how to protect your business in the age of deception.
  • Crisis support: Access guidance from specialists to manage the business impact of fraud.
  • Indemnification: Cover for direct financial losses from insured internal or external fraud incidents.

Internal fraud happens when an employee, contractor, or trusted partner abuses their position for personal gain. Because every business relies on trust, even one incident can damage your finances and reputation.

Our cover protects you against:

  • Theft of money or physical assets
  • Embezzlement
  • Sabotage or property damage
  • Unauthorised disclosure of trade secrets
     

Fraudsters from outside your business use increasingly sophisticated tactics like social engineering, to pose as trusted partners or senior managers and trick you into sending money or goods.

These scams can involve identity theft, fake emails, deepfakes, or even IT-system breaches.

Our cover protects you against:

  • CEO fraud (also known as fake president fraud)
  • Payment diversion
  • Fake buyer fraud
  • Certain types of theft

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

Alternatively, call us Mon-Fri, 09:00–17:00 on 0800 056 5452.

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

Business fraud insurance protects your company against financial losses caused by fraudulent acts committed by people inside or outside your organisation.

Internally, this includes employees, contractors, board members, and advisers. Externally, it covers specific third-party frauds such as identity theft, payment diversion, and fake buyer scams.

Even if the individual responsible can’t be identified, your losses are still covered. That’s the Allianz Trade advantage.

Fraud can affect any business, no matter its size, sector, or security systems. Even strong internal controls and trusted teams aren’t foolproof.

Our cover is designed for businesses with annual revenues exceeding £15 million, that want to stay protected against both internal and external fraud risks.

Fraud often goes undetected for months. In fact, A study by ACFE¹ indicates that a typical occupational fraud case lasts 12 months before detection.

Unlimited retroactive cover means that if a fraud took place before your policy started — and you discover it afterwards — we’ll still cover the financial loss

¹Occupational Fraud 2024, A Report To The Nations - ACFE

Strong fraud prevention starts with people and culture. Promoting integrity, applying robust controls, and providing regular training all help reduce risk.

For extra protection, our customer Fraud Prevention Library and guide to fraud protection in the age of deception offer practical advice and insights.

And if fraud does happen, business fraud insurance is there to cover your losses and help you recover quickly.
 

The cost depends on your company’s size, structure, and the level of cover you need. We’ll tailor a quote to fit your business, so you only pay for what you actually need. Get in touch with our experts to find out more.

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Allianz Trade is the global leader in trade credit insurance and credit management, offering tailored solutions to mitigate the risks associated with bad debt, thereby ensuring the financial stability of businesses. Our products and services help companies with risk management, cash flow management, accounts receivables protection, Surety bonds, Business Fraud Insurance,  debt collection processes and  e-commerce credit insurance ensuring the financial resilience for our client’s businesses. Our expertise in risk mitigation and finance positions us as trusted advisors, enabling businesses aspiring for global success to expand into international markets with confidence.

Our business is built on supporting relationships between people and organisations, relationships that extend across frontiers of all kinds - geographical, financial, industrial, and more. We’re constantly aware that our work has an impact on the communities we serve and that we have a duty to help and support others. At Allianz Trade, we’re strongly committed to fairness for all without discrimination, among our own people and in our many relationships with those outside our business.