Crime Insurance

Business Insurance for Crime Coverage

Crime insurance protects your business from financial losses caused by employee theft, fraud, forgery, robbery, and other criminal acts. This coverage responds to losses from both internal dishonest acts by employees and external criminal activities targeting your business.

Why Your Business Needs This

• Employee theft accounts for significant business losses each year
• Standard property policies exclude most theft and fraud losses
• Check forgery and computer fraud continue to increase
• Businesses handling cash or valuable inventory face elevated exposure

What It Covers

Crime insurance includes employee theft of money, securities, or property, forgery and alteration of checks and financial instruments, computer fraud and funds transfer fraud, robbery and burglary inside and outside premises, money orders and counterfeit currency, and client property held by your business. Coverage applies to losses discovered during the policy period, even if the theft occurred earlier. Extensions can include social engineering fraud and ransomware losses.

Who Needs Crime Insurance?

Businesses handling significant cash, financial institutions, retailers, property managers collecting rent, businesses with access to client funds, healthcare practices, and companies with check-signing authority need crime coverage. Any business where employees have access to money or valuable property should consider this protection.

What About Social Engineering Fraud?

Social engineering fraud involves criminals impersonating executives or vendors to trick employees into transferring funds. This rapidly growing exposure can be covered through endorsements to crime policies or standalone cyber coverage. Protection against these scams requires both insurance and employee training.