What Insurance Covers Computer Fraud?
A crime policy’s computer-fraud coverage may pay direct property loss caused by a fraudulent computer transfer; it may not cover an employee tricked into sending money.
A Travelers specimen defines computer fraud around computer use that fraudulently causes money, securities, or other property to move from business or bank premises to an outside person or place. The specimen covers direct loss under that agreement.
An employee who follows a fake payment instruction may trigger a separate social-engineering grant or exclusion. Ask the insurer to show both definitions and confirm the limit for each; do not treat one as a substitute for the other.
Coverage Guides Related to Business Insurance
Sources for Business Insurance Answers
- Crime Terms and Conditions. The Travelers Companies, Inc.; Insuring Agreements A.1 Employee Theft, A.3 Employee Theft of Client Property, B Forgery or Alteration, F Computer Fraud, G Funds Transfer Fraud, PDF pp.1–5; definitions E and AA, pp.7 and 10; exclusions IV.C–H, pp.14–15. Accessed 2026-09-25.