Some fraud losses trigger crime, cyber or fidelity insurance. Insurers may pay covered losses and then pursue subrogation against responsible parties or mule accounts.
Notify brokers and carriers promptly under policy terms and preserve evidence as required. Incomplete notice or discarded logs can complicate coverage positions.
Coordinate counsel so that insurer investigations and civil recovery steps do not issue conflicting narratives to banks. Shared chronologies reduce friction.
Coverage is contract-specific. Policy wording, exclusions and sublimits control outcomes more than general descriptions of fraud insurance. Read notice and cooperation clauses before discarding evidence.
Disclaimer: This article provides general information only. It is not legal advice and does not guarantee recovery in any matter.