Veem is insured against employee theft and external hacking and for losses due to operational errors and omissions. Veem's insurance policies would respond in the event that funds in its possession are lost or stolen, as a result of a breach of our physical security, cyber security, or as a result of employee theft. Similarly, Veem is covered if funds are lost due to errors or omissions in Veem's operations. Veem's insurance policies contain standard policy exclusions, such as force majeure events and are subject to deductibles that Veem would cover.
Veem works with insurance carriers that hold high financial strength and credit ratings from external ratings agencies (A.M. Best, Standard & Poor’s and Fitch).