Category: Crime Insurance

Crime insurance was developed to deal with the limitations of other policies and extend protection to include coverage for a wide variety of wrongdoing. While you may think your business would never be the victim of theft. The harsh reality is that nearly every business can become a victim. In this day and age, thieves do not need direct access to cash to steal from you. Moreover, merchandise, supplies, and securities are all fair game. While standard commercial insurance provides some protection from criminal acts, they often do not cover losses resulting from fraudulent activities.

As a leader within your organization, you want to trust your employees, the general public and the people you do business with. However, the reality is that no business is immune to the threat of crime and fraud. In fact, the Association of Certified Fraud Examiners estimates that a business can expect to lose 5 percent of its revenue to fraud each year. Even if your organization takes the necessary precautions, you could still end up the victim of employee fraud and similar crimes.

Crime Insurance

Coverage in Action: Crime Insurance

Crime insurance was developed to deal with the limitations of other policies and extend protection to include coverage for a wide variety of wrongdoing. While you may think your business would never be the victim of theft. The harsh reality is that nearly every business can become a victim. In this day and age, thieves do not need direct access to cash to steal from you. Moreover, merchandise, supplies, and securities are all fair game. While standard commercial insurance provides some protection from criminal acts, they often do not cover losses resulting from fraudulent activities.

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