{"id":74368,"date":"2026-01-16T09:06:00","date_gmt":"2026-01-16T14:06:00","guid":{"rendered":"https:\/\/www.nonprofitpro.com\/?post_type=article&#038;p=74368"},"modified":"2026-01-16T09:06:00","modified_gmt":"2026-01-16T14:06:00","slug":"berkley-select-launches-execcrime-comprehensive-crime-coverage","status":"publish","type":"article","link":"https:\/\/www.nonprofitpro.com\/article\/berkley-select-launches-execcrime-comprehensive-crime-coverage\/","title":{"rendered":"Berkley Select Launches ExecCrime Comprehensive Crime Coverage"},"content":{"rendered":"<p>Berkley Select, a Berkley company, announced the launch of ExecCrime, a new crime insurance solution designed to address the escalating risks of fraud, theft, and social engineering schemes impacting organizations of all sizes and industries.<\/p>\n<p>Available as a standalone policy or as a complement to Berkley Select&#8217;s Employment Practices Liability, Directors &amp; Officers, and Fiduciary offerings, ExecCrime provides tailored protection to help businesses recover their assets after an unforeseen incident occurs, such as when computer systems are manipulated to steal funds or when a trusted employee embezzles funds over a period of time.<\/p>\n<p>&#8220;Crime-related losses are a significant and rising risk for businesses of all sizes, but particularly for small and mid-sized organizations,&#8221; said Chris Zanchelli, Senior Vice President of Management Liability, Berkley Select, noting U.S. businesses lose over $50 billion annually from employee theft, according to the U.S. Chamber of Commerce research. &#8220;ExecCrime was developed to provide comprehensive coverage to help policyholders stay resilient against increasingly sophisticated threats.&#8221;<\/p>\n<p>Dan Spragg, President of Berkley Select, added, &#8220;ExecCrime reflects our commitment to innovation and customer focus. As risks evolve, we continue to expand our portfolio to meet the changing needs of today&#8217;s businesses.&#8221;<\/p>\n<p>ExecCrime is written on an admitted basis and will be available in 49 states and the District of Columbia, pending regulatory approvals. Coverage limits extend up to $5 million for a wide range of industries, including artisan contractors, hotels, motels, law firms, manufacturers, restaurants, retailers, and wholesale\/distribution.<\/p>\n<p>With cyber-enabled fraud and social engineering attacks on the rise, ExecCrime positions Berkley Select as a proactive partner for organizations seeking comprehensive protection in a more digital economy.<\/p>\n<p><a href=\"https:\/\/www.berkleyselect.com\/\"><em>Source: Berkley Select<\/em><\/a><\/p>\n<p><em>The preceding press release was provided by a company unaffiliated with <\/em>NonProfit PRO<em>. The views expressed within may not directly reflect the thoughts or opinions of the staff of<\/em> NonProfit PRO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berkley Select introduced ExecCrime, a crime insurance solution designed to help nonprofits recover from fraud, employee theft, and social engineering losses as financial risks continue to rise.<\/p>\n","protected":false},"author":123,"featured_media":63914,"comment_status":"open","ping_status":"closed","template":"","coauthors":[92378],"class_list":["post-74368","article","type-article","status-publish","has-post-thumbnail","hentry","category-data-security","category-financial-services","tag-employee-theft-coverage-for-nonprofits","tag-fraud-protection-for-nonprofits","tag-nonprofit-crime-insurance","tag-social-engineering-insurance-for-nonprofits","editorial_type-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Berkley Select Launches Crime Insurance for Nonprofits - 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