Overview of Commercial Crime Insurance
Commercial crime insurance is first-party coverage that responds to a business’s own loss of money, securities, and property. It may cover employee theft, forgery, robbery and burglary, funds-transfer fraud, and social-engineering fraud, where an employee is deceived into sending money, exposures that general liability and property policies do not address.
Theft does not always come from a stranger. A lot of the loss businesses experience traces back to their own operations, from a dishonest employee to a spoofed email that redirects a payment. We help California businesses figure out which crime exposures matter most for how they handle funds.
What is covered by Commercial Crime Insurance?
What does Commercial Crime Insurance cover?
- Employee dishonesty and theft.
- Forgery or alteration of checks and financial instruments.
- Theft of money and securities, inside and outside the premises.
- Robbery and burglary of business property.
- Funds-transfer fraud and social-engineering fraud, where an employee is deceived into sending money.
Why Commercial Crime Insurance Insurance is important
California businesses move a large volume of electronic payments, and social-engineering scams targeting accounts payable have become common statewide. Coverage for these deception-based losses often sits in a specific insuring agreement with its own limit.
Who needs Commercial Crime Insurance Insurance?
Businesses that handle cash, checks, or wire transfers; companies with employees who can access accounts or approve payments; and nonprofits, professional offices, and retail operations.
How to get Commercial Crime Insurance
We look at how money moves through your business, who touches it, and where a single point of failure could create a loss. Then we help you size limits and confirm the policy addresses newer exposures like social-engineering fraud, which is not always included by default.
Common questions about Commercial Crime Insurance
Answering the most frequently asked questions about Commercial Crime Insurance.
Start Your Commercial Crime Insurance Insurance Quote
Schneiderman Insurance Agency makes the process of finding Commercial Crime Insurance insurance convenient for you. Tell us about your situation, we review your risks and options with you, we help you put the right coverage in place, and we stay with you at renewal.
