CRIME INSURANCE
Protect Your Business from Financial Losses with Crime Insurance
Businesses face many risks, including financial losses due to crimes like theft, fraud, and embezzlement. Crime Insurance helps protect your business assets and financial stability by covering losses resulting from criminal activities.
Crime Insurance. Simplified.
Why Crime Insurance?
Crime Insurance provides critical protection against financial losses caused by criminal activities, including:
- Employee Dishonesty: Coverage for financial losses due to fraudulent actions by employees.
- Forgery or Alteration: Protection against losses caused by altered or forged checks, drafts, or promissory notes.
- Theft of Money and Securities: Covers loss or theft of cash, checks, securities, or other negotiable instruments.
- Computer Fraud: Covers losses resulting from fraudulent transactions or manipulation of data through computer systems.
- Funds Transfer Fraud: Protection from losses caused by fraudulent electronic transfers.
Who Needs Crime Insurance?
Any business, regardless of size or industry, can be vulnerable to crime-related financial losses. Businesses that particularly benefit from Crime Insurance include:
- Retail and wholesale businesses
- Financial institutions and banks
- Non-profit organizations
- Professional services firms (lawyers, accountants, financial advisors)
- Healthcare providers
- Technology companies
Factors to Consider with Commercial Crime Insurance
When selecting Crime Insurance coverage, consider these essential factors:
- Business Size and Type: Different businesses have varying risks and exposures to criminal activities.
- Employee Access and Responsibilities: Employees with greater financial authority or access require more comprehensive protection.
- Internal Controls: Strong internal controls and fraud-prevention systems can impact your coverage needs and premium costs.
- Coverage Limits and Deductibles: Evaluate the appropriate coverage limits and deductibles based on your financial exposure and business size.
Types of Coverage Included in Commercial Crime Insurance
Crime Insurance can be customized to match your business needs. Common coverage types include:
- Employee Theft Coverage: Protection against theft or embezzlement by employees.
- Robbery and Burglary Coverage: Covers physical property loss due to robbery or burglary.
- Social Engineering Fraud Coverage: Protects your business from losses caused by deception or manipulation by external parties.
- Client Property Coverage: Coverage for loss or theft of client-owned property while under your care.
