CRC Group, a leading wholesale specialty insurance distributor in North America, announces the launch of a new exclusive proprietary crime product, Crime360, available through the company’s recently formed CRC / INSUREtrust Cyber Practice Group.

This innovative solution is designed to address challenges posed by social engineering and business email compromise events — the most frequent forms of loss in the cyber marketplace.

CRC / INSUREtrust Cyber Practice Group Leader Christiaan Durdaller, commented, "We are thrilled to introduce Crime360 to our clients. This product represents a significant step forward in addressing the evolving cyber threats faced by businesses today. With its comprehensive coverage addressing traditional crime plus cyber crime exposures, Crime360 provides the protection that our clients need in an increasingly complex cyber landscape."

Key features of Crime360 include exclusivity to CRC / INSUREtrust, coverage for social engineering loss (including property), and coverage for invoice manipulation claims. This manuscript coverage form is available on a primary basis as well as in an excess capacity with drop down coverage over underlying crime insuring agreements. Crime360 is available to a wide range of industries, including manufacturing, engineering/construction, law firms, real estate, technology, and retail/wholesale. While financial institutions are not currently within appetite, separate solutions are available. Crime360 is backed by several Lloyd’s of London syndicates.

Unlike traditional cyber markets, which often cap coverage for cybercrime at $100,000 or $250,000, Crime360 offers primary limits up to $10 million (with the ability to build excess limits), providing clients with significantly greater protection against financial losses due to cyber-related crimes. "Our policy is generally written with ‘any one claim’ language, with no aggregate limit," added Durdaller. "This allows us to offer our clients the peace of mind that comes with knowing they are adequately protected against cyber threats."

For more information about Crime360 and how it can benefit your business, reach out to your CRC / INSUREtrust contact today.