Crime/Employee Dishonesty Program

The Crime Insurance Coverage Program provides blanket coverage for dishonest acts of employees (embezzlement, fraudulent transfer of funds, theft of cash), forgery or alteration, computer fraud, fund transfer fraud, and outside premise robbery.  The blanket coverage applies to all employees rather than specific positions, reducing the opportunity for coverage gaps where loss is contributed by collusion among more than one employee.

The program for 2020-21 includes $10,000,000 limits, and a member deductible of $25,000.

The ICRMA limits and deductibles shown below are from 2019-20 and being will be revised with 2020-21 program limits shortly.  (limits and deductibles vary by coverage period).

Limit Deductible
Employee Theft – Per Loss $ 5,000,000 $ 25,000
Forgery Or Alteration $ 5,000,000 $ 25,000
Inside The Premises – Theft of Money And Securities $ 5,000,000 $ 25,000
Inside The Premises – Robbery Or Safe Burglary of Other Property $ 5,000,000 $ 25,000
Outside The Premises $ 5,000,000 $ 25,000
Computer Fraud $ 5,000,000 $ 25,000
Funds Transfer Fraud $ 5,000,000 $ 25,000
Money Orders And Counterfeit Money $ 5,000,000 $ 25,000

Reporting Claims

Timely reporting plays a critical role in any claim. Furthermore, late-reported claims may be excluded from coverage. It is critical that you report the claim as soon as you discover a possible incident.

Claim Correspondence

In the event of a loss or suspected loss, provide the claims department with the following:

  1. Description of the loss or suspected loss (including a description of how, when, and where the loss or damage occurred)
  2. If applicable, provide photos of documents
  3. Notify the adjuster if a law may have been broken
  4. Cooperate in the investigation and settlement of the claim

All supplemental claim information and general claim correspondence must be sent to:

The Hanover Insurance Company
P.O. Box 15145
Worcester, MA 01615
National Claims Phone: (800) 628-0250
With a Copy to:
AJGRMS Claims Department
Phone: (415) 546-9300
Fax: (415) 536-4036



Forensic Accounting

ICRMA’s broker and carriers recommend two forensic accounting firms with offices in Los Angeles:

  • MDD  (Matson, Driscoll and Damico)*
  • KPMG

*MDD typically works with insurance carriers but have made exceptions to work with policy holders when there is no conflict with a carrier.

Master Bond

Prior to January 1, 1997, the California Government Code required that local public agency treasurers be individually bonded. In addition, the City Council also had the authority to require bonds of other officers or employees. In January 1997, California Government Code Section 1481 was amended to extend master bonding provisions to local public agencies. The City Council is required, however, to adopt a resolution approving coverage of all officers and employees under one master bond. Template resolutions are available upon request for members wishing to join the program.