Product Description

CIA’s Fidelity and Computer Crime Insurance policy is based on the requirements of the Sectional Title Schemes Management and Community Schemes Ombud Services acts, namely that “…every community scheme must insure against the risk of loss of money belonging to the community scheme… sustained as a result of any act of fraud or dishonesty committed by any insurable person.”

The CIA Fidelity Policy is augmented through additional cover provided for computer-crime related loss i.e. loss of funds due to fraudulent manipulation of a computer network.

This product guarantees peace of mind to the community scheme and/or managing agent through its compliance with new regulations, as well as cover that addresses most of the potential criminal acts that a community scheme faces.

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  • FSP: 13890