Crime Insurance

Often yes, because smaller teams may have fewer checks on who handles money.

Not always. It often requires a specific insuring agreement, which we can help you review.

There is overlap, but crime and cyber address different things. Many businesses carry both. We can explain how they may work together.

Crime is first-party insurance that pays your business for its own loss. A surety bond is a three-party guarantee that protects someone else. A fidelity bond specifically covers employee ...

To file a claim, contact your insurance provider as soon as the crime is discovered. Provide detailed documentation of the loss, including police reports, financial records, and any other ...

Yes, many Commercial Crime Insurance policies include coverage for computer fraud and funds transfer fraud, which can protect against losses from online scams and cybercrimes.

Fidelity Bonds are a type of insurance specifically designed to protect against employee dishonesty. Commercial Crime Insurance provides broader coverage, including third-party fraud and cybercrime.

While not legally required, Commercial Crime Insurance is highly recommended for any business that handles significant amounts of cash, securities, or valuable property. Some contracts may also require it. ...

Commercial Crime Insurance typically does not cover property damage, bodily injury, or cyber liability. A data breach, for example, usually needs Cyber Liability Insurance. Crime policies are also specific ...