Don't take chances with your wire transfers. Protect every wire with up to $1M through CertifID’s direct insurance policy.
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We offer the gold standard in coverage and recovery services and the industry’s only direct insurance program. If there’s a wire transfer mishap, we can make it right faster and more efficiently than anyone else.
per wire coverage
tech E&O policy
We lower your risk and save you time and money at every step.
Stolen funds can often be recovered without making a claim. We work directly with the U.S. Secret Service to reclaim funds, with over $60M+ returned in stolen funds to date.
As a CertifID customer, you are not only protected with our Tech Errors and Omissions (E&O) policy but also our direct, first-party policy through Lloyd’s of London. This direct insurance policy provides access to the largest claim limits in the market ($1M per wire and $15M total aggregate coverage).
Typical Tech Errors and Omissions (E&O) policies only protect the vendor, and could take months — if not years — to fully resolve. That puts you and the closing at risk. Through our direct insurance policy, you can get paid in weeks, not months.
CertifID Customer
Here’s what you should know about our coverage — and what you should ask other vendors about theirs
Most Tech E&O policies only offer third-party coverage to customers. However, our Lloyd's policy provides direct coverage to the customer, which can reduce your risk as a closing agent. In the case of any monetary loss, the customer can file a claim directly with Lloyd's, ensuring a quicker reimbursement process.
If CertifID's technology verifies a party incorrectly, we have a three-step process in place:
1. Initiate Fraud Recovery Services
2. Activate Lloyd's claim
3. Activate Tech E&O
Our Fraud Recovery Services immediately verify with the Secret Service to determine if any funds are available for recovery. This process can take as little as a few hours or up to a few days to confirm. If we are unable to recover funds through Fraud Recovery Services, you have the option to file a claim to Lloyd's. We estimate payment from this claim within 30 days of receiving it.
Contact our team to learn more about our insurance policy or see CertifID in action.
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The CertifID Platform includes third-party underwritten insurance benefits, for you. These benefits are offered and distributed through CertifID Insurance Services LLC, a licensed insurance producer and an affiliate of CertifID, Inc. The insurance benefits are underwritten by Lloyd’s of London under a master policy issued to CertifID, Inc. and, in some cases, are reflected for you or your customers by individual certificates reflecting those transactions. Lloyd’s of London is rated by A.M. Best as A (Excellent) with a stable outlook and a financial size category of XV, the highest possible. In virtually all states, Lloyds of London is neither licensed nor admitted and its policies are not covered by state guaranty funds. The terms and conditions of the master policy (including its limits of liability), any summary of benefits prepared by us, and any transactional certificates are referenced herein, and are available for your review upon request. You acknowledge receipt of this information and agree to be bound by the terms, conditions, limitations, and exclusions of the master policy and any applicable individual certificates. The program you are purchasing is provided on an “as is”, “where is” basis, without any express or implied warranty of any kind, including but not limited to warranties of merchantability, fitness for a particular purpose, and title, nor any product or service warranties.
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