Crime Insurance in Thailand: Safeguarding Your Balance Sheet

Crime insurance in Thailand has become an operational necessity because both internal and external threats are growing more sophisticated every year. Consequently, a single incident—whether a wire-transfer scam or an employee embezzlement—can destabilize cash flow, trigger reputational damage, and distract leadership from strategic goals.

Why Thai Businesses Face Rising Crime Risk

Expanding digital footprints

Thai companies are digitizing payments, payroll, and customer interactions. However, greater connectivity also increases exposure to phishing, ransomware, and social-engineering attacks.

Economic pressure and insider fraud

Inflation and talent shortages can create financial stress for employees. Therefore, dishonest staff may rationalize theft of cash, securities, or trade secrets.

Cash-intensive operations

Retail, logistics, and manufacturing firms still handle large volumes of physical currency and valuable inventory. As a result, armed robbery and burglary remain persistent dangers.

Core Protections Offered by Commercial Crime Policies

1. Employee dishonesty – reimburses direct loss of money, securities, or property caused by fraudulent acts committed by staff. locktonwattana

2. Computer and funds-transfer fraud – covers hacking, phishing, and fake payment instructions that divert company funds.

3. Premises robbery or burglary – responds when criminals steal or destroy insured property on-site.

4. In-transit loss – indemnifies cash, securities, or inventory while being carried by couriers or armored cars.

5. Forgery and alteration – pays when forged checks, drafts, or promissory notes are honored by the bank.

Moreover, many insurers add expense reimbursement for forensic investigations and public-relations support after a high-profile crime event.

Tailored Extensions for Modern Thai Operations

Because every enterprise is unique, Lockton Wattana can broaden standard wording to include:

• Social-engineering fraud that deceives employees into releasing funds

• Vendor and client impersonation schemes

• ATM skimming and card-counterfeiting losses

• Data-destruction extortion and cryptocurrency ransom payments

All extensions integrate seamlessly, ensuring no dangerous coverage gaps.

Why Choose Lockton Wattana for Crime Insurance in Thailand

First, our Financial Services specialists benchmark your controls against industry peers and the latest Office of Insurance Commission guidelines. Next, we design limits, deductibles, and loss-notification clauses that align with board-level risk appetite. Furthermore, we leverage global market relationships to secure competitive premiums, often negotiating multiyear rate stability. Finally, we deliver employee-awareness workshops that materially reduce incident frequency.

Fast, Decisive Claims Advocacy

When a crime strikes, speed is critical. Therefore, our 24 / 7 claims desk assigns a dedicated advocate within hours. The advocate coordinates evidence collection, interfaces with law enforcement, and pushes for interim payments so operations continue without liquidity shocks. After settlement, we present actionable lessons learned and updated fraud-prevention protocols.