Insurance fraud occurs in different forms. Sometimes it can be through the sale of false and non-existent insurance policies by fraudulent agents or companies. Other times, it can occur through a dishonest insurance agent who collects premiums from a customer and does not pass it on or report it to the insurance company. Unfortunately, all too often the scam is only discovered when it is too late and a customer needs to make a claim on the policy that does not exist.
If you do not receive a copy of your policy in a timely manner, please take steps and check with the insurance company you have been told the policy is being issued from, to see if your premiums have been paid and applied to your policy.
Suspected Fake Policies
QBE has been made aware that there are individuals who have been approached by fraudulent agents and/or companies that claim to sell and issue false insurance policies from QBE. These fraudulent agents and/or companies use QBE’s brand on fabricated documentation that is issued to unsuspecting victims. In some instances, we understand that the fraudulent agents and/or companies have been claiming to sell an insurance product that QBE does not underwrite.
We would like to alert members of the public so that you may be better informed and take steps to protect yourself and/or your company. Click here to see a sample of what the false and fabricated documentation may look like.
What can you do to prevent being a victim of fraud?
Stop. Call. Confirm. If you are unsure about an insurance agent or company:
- Stop before signing any paperwork or issuing payment;
- Call the insurance company which can be easily reached by phone; and
- Confirm that the agent or company offering insurance is legitimate and licensed to sell insurance in Hong Kong and that the product being sold to you is issued by the insurance company.
If you believe you are a victim of insurance fraud, or are aware of fraudulent activity, you should:
Our business insurance products
Tailored business insurance solutions for SMEs
Small- to medium-sized enterprises (SMEs) can be vulnerable to various risks that could potentially lead to financial and legal issues as well as damage to corporate reputation.
Keep your commercial motors moving with the right protection
Your commercial vehicles are exposed to various risks such as thefts, accidents and the actions of other drivers, which are simply beyond your control. Our commercial motor insurance provides comprehensive protection for your company vehicles and drivers against accidental damage, loss, third party liability for bodily injury, death or property damage.
Protect your business from financial loss from property damage
Your business may own property that is vulnerable to various risks, such as fire, explosions and natural catastrophe. Our experts are on-hand to tailor an insurance solution to protect your commercial property should the unexpected occur.
Construction & Engineering
Manage risks of your construction and engineering projects, large or small
With our specialist expertise, we can provide your business with comprehensive protection against various risks, such as damage to your project and liability against third-party claims arising from construction and engineering works. Our flexible approach means we can tailor our insurance solution to your specific needs.
Keep your employees and your business protected with our quality and cost-effective solutions
Injuries in the workplace can happen. When one of your employees suffers an injury at work, our employees' compensation insurance can help your employee cover medical expenses and lost wages. This helps ease the human impact and the financial risk to your business as serious injuries may result in costly lawsuits.
Safeguard your business and its valuable assets from the unexpected
Your business can be vulnerable to various risks that can lead to financial loss. In the event of the unexpected, you need to have the confidence that the right protection for your business property is in place.
Mitigate your business liabilities that could spring from your day-to-day operations
Whatever industry your business is in, our general liability insurance protects your business from the financial fallout of third party claims, which can be both civil and criminal in nature.
Take care of your employees' wellbeing to retain and attract talents
Our group health insurance provides protection for your employees against healthcare and medical expenses. This can also help you retain and attract talents for your company.
Worry-free business trips for you and your employees
The hazards associated with business travel can be expensive. The risks can include flight delays, accidental loss of baggage or personal belongings, unexpected illnesses and even third-party liabilities, and all of these can quickly mount up when your employees are on business travel overseas.
Specialist protection for your moving cargo by air, sea or road
As a specialist marine insurer with more than 130 years in the global market, our marine insurance solutions are as varied as our customers, including import/export businesses, truck operators, ship repairers, private yacht owners and more. Whatever your needs, our experts have the local and international expertise to design cover that works for you.
Specialty insurance provides a financial safety net for corporations and professionals
In a world of increasing personal responsibility and accountability, professional liability insurance is an essential component of risk management and a small investment for big peace of mind. It provides corporations and professionals with a financial safety net in the event of legal liabilities, litigations and resultant damage.
Trade with confidence knowing your business is protected against bad debt
In the international or domestic business arena, when a company agrees to sell its goods or services on credit terms in lieu of cash-on-delivery or pre-payment, there is an inherent risk of non-payment. Our trade credit insurance helps protect your cash-flow by covering your losses if a debtor defaults on payment or becomes insolvent, giving you the peace of mind to focus on running your business.
The above only serves as a general description of our products and services. For full product details and coverage, please check with your local insurance broker or a QBE authorised agent.