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Challenge
A 100+ attorney firm was concerned about
coverage for Funds Transfer Fraud.
Action
Alper conducted an examination of the
firm’s
policies to determine whether it had appropriate coverages in place. Our analysis uncovered a
gap in coverage. Coverage was not provided
for losses from fraudulent funds transfers that
occurred outside of the law firm.
Results
We secured a Crime Policy to reflect their actual operations. We drafted wording that changed
the policy and provided appropriate financial
protection to the firm regardless of where the fraudulent transfer occurred. |
