Employee ID Theft

Employee ID Theft

How to Be Your Employees Hero

We hear about the latest cyber attack every day, it seems. How can you help protect your employees and set yourself apart as an employer of choice?

Here’s the scenario: A local business’s employee was a recent victim of stolen identity and fraudulent filing of his tax return. It has cost him time away from work trying to resolve the issue, monitoring of his accounts and correction of his credit history. His employer provides Identity Fraud Expense Reimbursement coverage for all of their employees. Not only has he been reimbursed financially for these expenses, he has had valuable assistance and help guiding him through the process. Because of this coverage, he thinks his employer is a hero. You can be a hero, too! It’s simple and low in cost, especially for the good will it provides!

Contact us today to discuss adding this valuable benefit to your employee package at 877-352-2121.

Coverage includes:

  •  Lost wages – up to a maximum payment of $1,000 per week for a maximum period of five weeks, as a result of absence from employment, including for wrongful incarceration
  •  Attorney’s fees – with Travelers’ prior consent, including:
    • Removing criminal or civil judgments wrongly entered against the victim
    • Challenging information in a credit report
    • Defending suits brought incorrectly by merchants or their collection agencies
    • Pursuing the release of medical records solely for the purpose of investigating medical-related identity fraud
    • Contesting wrongfully incurred tax liability; or
    • Contesting the wrongful transfer of ownership of an insured person’s tangible property
  • Fees for the re-application and re-issuance of government-issued personal identification documentation – including passports, commercial and non-commercial drivers licenses, state and federal personal identification cards, and Social Security cards compromised as a result of identity fraud
  • Fees charged for copies of medical records – including X-rays, obtained solely for the purpose of investigating medical-related identity fraud
  • Dedicated identity fraud claim unit – experts who can provide guidance to insured victim to assist in the recovery of their identity and credit history
  • Reasonable costs for travel and accommodations incurred by the insured person – up to a maximum payment of $1,000 per week for a maximum period of five weeks, to:
    • Participate in the defense of lawsuits brought against the insured person by financial institutions, health care providers, merchants, other credit grantors or their collection agencies
    • Challenge the accuracy or completeness of any information in a consumer credit report
    • Participate in the criminal prosecution of the perpetrators of the identity fraud, or
    • File in-person loss affidavits and civil or criminal complaints with local law enforcement in the jurisdiction in which the identity fraud occurred, as required by local law
  • Family coverage – including residents of the insured person’s household, provided they are either a spouse, child under the age of 18 or parent
  • Daycare and eldercare expenses – incurred solely as a direct result of any identity fraud discovered during the policy period
    • Coverage for thefts committed by family members
    • Insureds choose their own attorney
    • Limit options – ranging from $1,000 to $25,000
    • Retention options – ranging from $0 to $250

Identity Fraud Resolution Service
In addition to expense reimbursement, we can also offer Identity Fraud Resolution Service through Identity Theft 911, which includes:

  • Exclusive online education resources providing tips and information to help avoid becoming a victim
  • 24/7 personal access to an expert fraud specialist
  • Document replacement help (i.e., Social Security card, birth
    certificate, passport, etc.)

In the event of an actual identity fraud, services include:

  • Step-by-step guidance through the resolution process, including unlimited assistance to restore a victim’s identity
  • 3-in-1 credit reporting
  • One year of free credit, cyber and fraud monitoring
    *Other coverages and premium options available.