Business and Corporate Credit Card Liability Insurance
Cover for Financial Institutions and their Corporate and Business clients
Key features
- Enables financial institutions to protect corporate/business clients from misuse of credit cards by errant employees
- Liability Waiver cover for the issuing bank/financial institution
- Low cost-per-card, enabling financial institutions to use this product as a marketing tool to attract new clients
- A range of additional enhancement options available, covering fraud, purchase protection, personal security and car hire liabilities
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Email us to discuss your needs
Liability insurance for corporate and business card issuing financial institutions
Business and Corporate Credit Card Liability insurance protects companies against the fraudulent misuse of business and corporate credit cards, by providing Liability insurance to the issuing bank or financial institution.
In the event of fraud or misuse by an existing or dismissed employee, the corporate customer can ask the issuing bank to reimburse any unauthorised charges they are unable to retrieve from the cardholder. The bank will then claim on this Credit Liability cover.
Covering global credit cards
The scheme is designed to cover a bank’s corporate/business credit cards, almost anywhere in the world. It offers the bank’s corporate customers protection from unauthorised charges of up to USD 25,000 per cardholder and USD 1,650,000 per company, per year.
The low cost-per-card means that many global banks, building societies and other financial institutions choose to protect themselves with this Liability cover, whilst including it as a benefit to their Business and Corporate account, to attract and retain clients.
Additional enhancement products
We are able to also offer the following enhancements that complement a payment mechanism such as a Credit Card or Digital Wallet:
- Fraud Cover, including Lost or Stolen Cards, ATM Robbery and cover for items in Secure Wallets
- Purchasing Protection, including Price Protection, Extended Warranty and Ticket Protection
- Personal Security Protection, including Cyber and Unemployment cover
- Car Hire Protections, including annual Collision Damage Waiver, Loss Damage and Auto Deductible Reimbursement