Personal Risk Management

Time Keeps Ticking

A closing took place in upstate NY in 1999. During the transaction it was noted that in addition to a mortgage, there was a home equity loan that had been taken out on the home being sold. At the closing it was shown that the home equity loan had been paid off, and a zero balance was due to this secondary lender. The sale was completed, a title policy was issued, and everyone went on their merry way. Unknown to everyone, except the seller

Fidelity Crime Insurance

Fidelity Insurance, often referred to as “crime” insurance, protects your company from loss of money, securities or other property resulting from employee dishonesty, embezzlement, forgery, burglary, robbery, computer fraud, counterfeiting, wire transfer fraud, and various other criminal acts. You may ask, “Does my Errors and Omissions Policy provide any protection for me for any of the acts listed above? “ The Answer is “NO!” All the acts listed above are deliberate.