Claims Case Studies

Fidelity claims example: Director Theft.

Case Study: Fidelity

A senior director was discovered to have stolen £90,000 of the charity’s funds over a four year period which was only discovered when a finance clerk contacted a supplier as the invoice rendered was not one she recognised. The director had been submitting fraudulent invoices with settlement to his personal account.

Employee Theft

An employee was found to have stolen money from the charity when they incorrectly transferred money to a service provider when it should have gone to their own bank account.

Volunteer Theft

A volunteer stole cash donations following ‘tin shakes’ which was entrusted to them to take home prior to banking at the end of each week. The volunteer deposited only a small amount of what had been raised and recorded and had worked for the charity for almost ten years.

Our Insurer Partners Markel International were able to accommodate this risk.