Yes — wire fraud and payment dispute coverage are core BizGuard inclusions, available starting at the BizGuard I tier.
Wire fraud / social engineering coverage:
- Pays losses when an employee is deceived into wiring funds to a fraudulent account (phishing, business email compromise, vendor impersonation).
- Coverage limits scale by tier; BizGuard III and IV include expanded limits and faster response.
- Most policies require basic security controls (e.g., wire-transfer dual approval) to qualify.
Payment dispute and chargeback coverage:
- Covers losses from card-not-present chargebacks beyond your normal reserve.
- Useful for e-commerce and subscription businesses with elevated dispute rates.
What's NOT typically covered:
- Internal employee theft (separate Crime/Fidelity coverage).
- Disputes arising from undelivered goods or service quality issues.
- Losses from criminal acts excluded by the policy form.
Specific limits, sub-limits, and exclusions for each BizGuard tier are described in the policy form provided at quote.