Hiscox claims market first with bribery offering
Hiscox has launched a combined anti-bribery response, defence and expense insurance product for UK businesses.
The insurer claims that the Bribery Act Response Insurance offering is a market first.
It has been designed to help businesses with the costs and practical steps required to investigate and defend an actual or suspected Section 7 Bribery Act offence.
The offering has been provided in conjunction with global risk consultancy Control Risks and a panel of law firms.
Hiscox stated that under the 2010 UK Bribery Act, the Serious Fraud Office is increasing the number of businesses it investigates in
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