Commercial Crime Cover

Minimizing the many business impacts of dishonesty

Learn more about the risk facing companies today and tomorrow in our  KNOWLEDGE & INSIGHTS CENTER


Knowing the company's policies and procedures, a staff may use the information to take advantage of the company. They have the knowledge to skirt around security and set up crafty fraud systems. However, it’s not just the employees that you need to worry about. Crime can also come from external, invasive third parties. Failing to cover your assets from criminal activities may have serious ramifications.

AIG devises the insurance solution in accordance with such crimes. It does not only provide comprehensive coverage from the effects of dishonesty, but it also enables businesses to demonstrate their commitment to effective risk controls.

Product highlights

Reconstruction costs

Includes the cost of rewriting or amending computer programs following a covered loss.

Bilateral discovery period

Discovery period of 90 days at no additional premium.

Reputation recovery costs

Includes the costs of procuring public relations services to redress reputational damage.

Broad employee definition

This includes ex-employee coverage, solicitors performing services for the Insured and outsourcing. The wide definition gives better coverage to the Insured and addresses exposures created by a company’s decision to outsource functions previously performed internally.

Automatic Subsidiary

Greater flexibility during the policy period for acquisitions that occur. Reduces administrative burden at the time of acquisition.

Who is it for?

Commercial Crime Cover, also called as Crime Protector, offers a significantly enhanced level of coverage which may be tailored to the requirements of individual companies. It caters to any commercial institution except jewelry shops, pawnshops, money exchange, and medium to large-sized public and privately owned companies engaged in various business areas, other than financial institutions.

What is covered?

Commercial Crime provides coverage for fraud committed by the Insured’s employees or by a third party. Click below to learn more about its extensive cover.

Employee crime cover

This covers any acts of fraud or dishonesty committed by any employee.

Any other person crime cover

Any fraudulent act of theft committed by any other person (e.g. cheque forgery, computer fraud, corporate card fraud, funds transfer fraud, imitation fraud, money, securities or property).

Damage, destruction or disappearance of money and securities

This covers the physical loss or damage or actual destruction or disappearance of money, securities, safes or vaults.

Criminal damage to property

This covers loss due to destruction or damage to Property (excluding safes and vaults) which occurs within the premises.

Contractual and regulatory penalties 

This covers the amount of any penalty which is insurable at law.

Interest receivable or payable

Amount of any interest which would have been receivable or which becomes payable from a loss covered by the policy.

Fees, costs and expenses

This covers costs of defending third-party accusations which could otherwise be costly, time-consuming, and disruptive.

How to make a claim?

When you buy insurance from AIG, you can have confidence that we stand ready to help you recover quickly when the unexpected happens. The claims operation that underpins every AIG policy is one of our greatest strengths, with a strong local claims team backed by our global network of expertise to support you when you face a loss.

For claims associated with Commercial Crime Insurance, please reach out to your insurance broker to assist you. The client must report in writing to AIG as soon as practicable and within the Policy Period. Potential facts or circumstances that may lead to a claim should be reported prior to the expiry of the Policy Period.

You may also contact us at:

Phone: +63 2 8 878 5456

Email:  and

Click below to learn about the necessary details needed in order to submit a claim.

Notice of losses shall be given in writing directly to the Insurer at the address detailed below. If posted, the date of posting shall constitute the date that notice was given, and proof of posting shall be sufficient proof of notice.

The Insured entity shall, as a condition precedent to the obligations of the Insurer under this policy:

  • Give written notice to the Insurer as soon as practicable but in any event no later than 60 days after Loss is Discovered; and
  • Give notice to the police unless the Loss is caused by, involves or implicates any employee; and
  • Provide the Insurer with all requested information and documents and co-operate with the Insurer in all matters pertaining to the loss; and
  • Furnish to the Insurer affirmative proof of Loss with full particulars within six (6) months of Discovery