Commercial Crime Insurance

It protects a business against financial loss from crime, most often theft by its own employees, along with forgery, robbery, and certain fraud. Standard property and liability policies largely exclude these losses, which is why crime coverage exists as its own policy.

Common insuring agreements include employee dishonesty, forgery or alteration, theft of money and securities on and off premises, funds transfer fraud, and computer fraud. You select which grants and limits apply, so the policy is built around your actual exposures.

Yes, employee theft, often called employee dishonesty, is the central coverage. It responds when a worker steals money, securities, or property from the business. Because internal theft is common and hard to detect, this is the reason most businesses buy the policy.

A fidelity bond and the employee dishonesty section of a crime policy both cover theft by employees, and the terms overlap. Commercial crime is broader, adding forgery, robbery, and fraud beyond just employee theft. Many businesses now buy a crime policy rather than a standalone fidelity bond.

If you handle cash, process payments, manage client funds, or have employees with access to money or accounts, the exposure is real. Businesses that hold others' money, like property managers, often face contractual or regulatory requirements to carry it. We size it to how funds move through your business.

Cost reflects your revenue, number of employees, the controls you have over cash and accounts, the limits you choose, and your loss history. Stronger internal controls generally lower the premium. We quote it against your actual operations rather than a flat rate.

Inventory shortages alone, without proof of theft, are typically excluded.

Theft by an owner or partner is generally excluded from a commercial crime policy.

Third-party breach costs need cyber coverage, though some overlap exists on funds transfer fraud.

Fire, water, and similar physical losses belong on a property policy.