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Investment Embezzlement Fraud Insurance

Investment Embezzlement & Fraud Insurance

Investment Embezzlement & Fraud Insurance is a product specially designed to protect Affluent individuals.  High Net Worth individuals can buy insurance to cover almost everything of value in their lives. HNW people transfer risk to an insurance carrier for many types of assets they own such as: Home, autos, boats, art, jewelry, collectibles and precious metals.


Until now, affluent individuals haven’t been able to insure their invested assets in the event their investment adviser/asset manager embezzles their money. Seaman’s Insurance Group has access to The Only Insurance Policy developed specifically to protect the investor. The coverage is provided by Berkley FinSecure™ and written on Berkley Specialty Insurance Company paper.

Protecting Assets from Fraud & Embezzlement

Seaman’s Insurance Group has access to the only product on the market that is meant to protect the individual investor.  Until now, high net worth individuals insure everything they can but were not able to cover they investments fro a Bernie Madoff type event leaving their lifestyle in peril.

Embezzlement & Fraud Insurance Coverage

The Investment Embezzlement & Fraud Insurance Coverage policy covers high-net-worth individuals’ invested assets when their investment advisor/asset manager embezzles their funds. The investment advisor/asset manager must be listed as a “Named Person” on the policy. An individual can purchase an aggregate limit of insurance up to $10M with a minimum deductible of $50K per occurrence. Premium is $1,500 per $1M increment (at the time this page was developed – 4 2020). 

In the event of a covered loss, the policy will pay at the time the perpetrator is indicted. 

Who should own an Investment Embezzlement & Fraud Insurance Policy?

Anyone with invested assets over $1,000,000 looking for “peace of mind” knowing their finances are protected for themselves and their family for years to come should own an Investment Embezzlement & Fraud Insurance Policy.

In the event a high net worth (HNW) investor’s assets are embezzled by their asset manager, what would they do to recover their money?

What steps would you as a High Net Worth individual do if your assets were embezzled? Hire a lawyer? Sue the asset manager and the firm they work for? These are commitments the investor would have to deal with, and the process could be lengthy and expensive. This risk is currently assumed (likely unknowingly) by the high net-worth HNW individual. What if you could transfer part or all of this risk through an insurance product? How much would that piece of mind be worth to you and your family?

Could HNW individuals afford to continue living the lifestyle they are accustomed to if a portion or all of their invested assets were embezzled?

According to the Federal Reserve, Bureau of Labor Statistics and Census Bureau, the share of retirees who are millionaires doubled over the last three decades, now accounting for 1 in 6 retirees. Most are past their peak earning years and rely on their investments to live their lifestyle in retirement and could not afford to continue living the lifestyle they are accustomed to if a portion or all of their invested assets were embezzled.

Is embezzlement and fraud covered through my Homeowners or Umbrella Liability policy?

No embezzlement and fraud is not covered by homeowners or umbrella liability policies. All criminal acts are excluded from most standard insurance policies. For many years this has been a large gap in completing an individual’s comprehensive insurance program. Seaman’s Insurance Group has access to the first and only insurance product of its kind covering embezzlement and fraud by an investment advisor/asset manager.

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