What is Commercial Crime Insurance?

Commercial crime insurance protects your business against losses caused by criminal acts. This includes employee dishonesty (theft, embezzlement, fraud), forgery, computer fraud, funds transfer fraud, and theft by outsiders. While you want to trust your employees, crime coverage provides protection when trust is violated.

Employee theft is more common than most business owners realize. Crime insurance ensures that dishonest acts don’t become business-ending events.

What Does Crime Insurance Cover?

Crime policies typically cover several types of loss: employee theft of money, securities, or property; forgery or alteration of checks; computer and funds transfer fraud; money and securities theft by outsiders; and social engineering fraud. Coverage can be customized based on your specific exposures.

The Growing Threat of Fraud

Modern criminals don’t need to break in. Social engineering, phishing, and business email compromise can trick employees into transferring funds to criminals. Updated crime policies include coverage for these evolving threats. Make sure your coverage addresses current fraud schemes, not just traditional theft.