GeneralAverage

Industry

A brass mechanical adding machine whose paper ribbon runs off in one long unbroken loop onto a tidy ledger.

Does employee-theft insurance answer the question about client payment fraud?

The label alone does not show whether a specific event is covered. Ask the insurer whether the proposed form distinguishes employee theft, outside impersonation, and redirected client payments.

Describe who can initiate and approve transfers, what controls exist, and whether client funds pass through company accounts.1

Review the definitions and exclusions in the quote; this guide does not assert that client-fund or social-engineering losses are covered.1,3

Read the Finance and Accounting Insurance Buying Guide

Sources

8 documents, numbered as cited.

Spot, a product of Tools for Enlightenment, publishes this guide and works in the commercial insurance market. This is general buyer education. Policy wording and applicable state rules determine terms for a particular business.

Updated 2026-09-28. Editorial Policy

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