Rikosvakuutus

Rikosvakuutus, commonly referred to as crime insurance in Finnish insurance terminology, is a specialized form of coverage that protects businesses and, in some cases, individuals from financial losses resulting from criminal acts. It is designed to complement other policies such as property and liability insurance by addressing losses caused by theft, fraud, and related crimes.

Typical coverage aspects include losses from employee dishonesty, theft of money and securities, forgery or alteration of negotiable instruments, and computer fraud or other forms of criminal activity that affect the insured’s finances. Many policies also cover costs associated with investigating and handling such incidents, including forensic services, notification requirements, and certain defense-related expenses. Some crime policies extend to cover bank and funds-transfer fraud, counterfeit currency, and losses arising from third-party criminal acts.

Who purchases rikosvakuutus largely consists of businesses with cash-intensive operations, retailers, financial services firms, and organizations that handle sensitive financial information. While individual consumers may obtain crime insurance in some cases, it is far more common in business contexts.

Key features and terms vary by insurer and jurisdiction, but common elements include policy limits, deductibles, geographic scope, retroactive coverages, and exclusions. Typical exclusions cover acts by the insured, intentional wrongdoing, illegal activities, and certain broader risks such as war or certain types of regulatory penalties. The policy may include sub-limits for specific coverages and could be paired with cybercrime endorsements for a broader protective package.

Rikosvakuutus is regulated under national insurance law and European Union guidelines applicable in Finland, with insurers assessing risk based on factors such as internal controls, employee screening, and historical loss experience.