Edify brokers ppt july - 2020

Commercial crime insurance policy and fidelity bond policy is designed to cover the fraud and damages. Edify provides in close consultation to find the best solution

1. Edify Brokers

2. Content
■Why Edify Brokers?
■What is Commercial Crime, Fidelity Bond And Banker’s Liability?
■Contact Us

3. Why Edify Brokers?
■Insurance broking was institutionalized in India in 2001.
■This lead to mushrooming of many broking outfits over the next seven years albeit in a
conservative protected environment. The dismantling of price control (tariff) in the
market brought with it challenges of evolving knowledge based intermediation.
■The next few years saw an increase in professionally led Broking companies.
■EDIFY was conceived as an insurance consulting firm with a vision to create a
knowledge leader. Founded by insurance professionals with decades of experience
behind them, EDIFY is today providing cutting edge, efficient and optimal solutions for
corporate risk.

4. ■The company has capability to structure the most complex Insurance programs for
every corporate need including insight into global practices.
■At EDIFY, trust matters. We re-design and implement specialized corporate insurance
solutions to manage risks efficiently. We serve as your external risk management
advisor and an outsourced Insurance partner, understanding and simplifying insurance
for easy understanding.
■By leveraging our relationships in the insurance marketplace and applying our industry
knowledge, we partner with our clients to create trusted and reliable risk mitigation at
optimal premiums.
Why Edify Brokers?

5. ■We have a comprehensive support structure to service client administration and
settlements. Excellence in supporting client needs is central to our business philosophy
which invests in enduring long term trusting relationships.
■OUR MISSION: Customer delight with transparent solutions and unparalleled service
support to free their productive time for effective business use.
■OUR VISION: Fostering long term relationships and establishing trust as primary
business ideology to become a leading and respected player in the Insurance Broking
market by 2025.
Why Edify Brokers?

6. About Commercial Crime
■Every organization is susceptible to a crime committed by an Employee or a third person leading to
losses. Companies can be liable to losses incurred by their customers which are attributable to
them. It can be an employee or a contractor perpetrating a crime while working from a client
premises. The fraud and damages can occur due to different reasons and the commercial crime
insurance policy in India cover is designed to cover them all.
■Computer and Fund Transfer Frauds
■Forgery Or Alteration Fraud
■Counterfeiting and Card Frauds
■Premises and Theft Cover
■Loss to Third Parties
■Investigation and Other Costs

7. About Fidelity Bond
■Commonly known as fidelity policy, this is bought by an employer to protect against
losses such as embezzlement or theft by employees. Such acts are not covered by a
Theft or burglary cover. One may buy a cover applying to all employees or for a set of
employees identified individually or by their designations.
■Some businesses such as banks, brokerages, cash carriers, and security firms are
required to have a fidelity bond cover by law. Companies with business in the USA may
be required to have a fidelity bond cover if they manage retirement fund of employees
under ERISA. Irrespective of the statutory requirements, it is always prudent to protect
the company by having a relevant fidelity bond policy cover in place.

8. About Banker’s Liability
■Banks and financial institutions operate in high security environment. Despite the constant
vigil they are still exposed to internal and external risks of fraud and misappropriation.
Money siphoned from accounts and ATM frauds are commonplace.
■The financial consequences of neglecting duty of care, advising on wrong financial product
or giving improper advise can be severe. There may be catastrophic criminal losses arising
from Employee Dishonesty, Forgery or Computer frauds which can cause significant
financial risk, even jeopardies continuity.
■Edify in close consultation with you will find the Operational risks related to your business
requirement to structure the right Liability protection for your need.

9. About Banker’s Liability
■Edify offers the right Liability protection for your need:
■Damage to Office and Contents
■Fraud and Robbery
■Cyber Crimes
■Professional Liability
■Damage and Losses to ATM
■Counterfeit & Alterations Losses

10. Contact Us
■Reach Us On:080 4850 4216
■Say Hello:[email protected]
■Corporate Office:Edify Insurance Brokers Pvt. Ltd
No. 51, Ground Floor,
HAL, 2nd Stage,
Leela Palace Road, Kodihalli,
Bengaluru, Karnataka 560008