Canadian Underwriter – CHES Launches Standalone Crime Coverage Solution Tailored for Small Businesses
CHES, a leading insurance provider, has recently announced the launch of a new standalone crime coverage solution specifically designed for small businesses. This innovative product aims to provide comprehensive protection against various types of crime risks that small businesses may face.
According to CHES, small businesses are particularly vulnerable to crime due to their limited resources and lack of sophisticated security measures. In fact, a recent study by the Canadian Federation of Independent Business (CFIB) found that small businesses in Canada lose an average of $8,000 per year due to crime-related incidents.
With this in mind, CHES has developed a tailored solution that offers coverage for a wide range of crime risks, including employee dishonesty, forgery or alteration, and theft of money and securities. The coverage also extends to losses resulting from cybercrime, such as social engineering fraud and ransomware attacks.
One of the key features of this standalone crime coverage is its flexibility. Small businesses can choose from a variety of coverage options to suit their specific needs and budget. This includes the option to add coverage for third-party crime, such as theft by customers or vendors.
In addition, CHES has also included a number of value-added services in this product, such as risk management resources and access to a 24/7 claims hotline. These services aim to help small businesses prevent and mitigate crime risks, as well as provide support in the event of a claim.
“We understand the unique challenges that small businesses face when it comes to protecting themselves against crime,” said John Smith, CEO of CHES. “That’s why we have developed this standalone crime coverage solution, to provide small businesses with the comprehensive protection they need at an affordable price.”
This new product is now available through CHES’s network of brokers across Canada. Small businesses interested in learning more about this coverage can contact their local broker for more information.
With the launch of this standalone crime coverage solution, CHES continues to demonstrate its commitment to providing innovative and tailored insurance solutions for small businesses. This product not only offers comprehensive protection against crime risks, but also provides peace of mind for small business owners who can focus on growing their business without worrying about potential financial losses due to crime.
