Crime Insurance
Protect Against Theft and Fraud.
Theft and Fraud Can Come From Inside or Outside the Business
Businesses depend on employees, vendors, payment systems, bank accounts, inventory, and financial processes every day. Each creates access to money, property, or information that can potentially be misused.
Commercial crime insurance is designed to help protect a business against certain direct financial losses caused by theft, fraud, forgery, employee dishonesty, and other covered criminal acts.
The coverage available depends on the policy and the insuring agreements selected, so understanding where your business is exposed is an important part of the conversation.
What Commercial Crime Insurance Can Help Cover
Crime policies may include several separate insuring agreements designed to address different kinds of theft and fraud. Coverage varies by insurer and policy.
Employee Theft
Coverage may address direct loss of money, securities, or other covered property resulting from theft by an employee, subject to the policy terms.
Money & Securities
Coverage may be available for certain losses involving money or securities, including specified theft, disappearance, robbery, or safe burglary exposures.
Forgery & Counterfeit Currency
Crime policies may address certain losses involving forged or altered financial instruments, counterfeit currency, and other covered fraudulent transactions.
Computer & Funds Transfer Fraud
Coverage may address certain direct financial losses caused by computer fraud or fraudulent electronic transfers, depending on the policy and insuring agreement.
Crime Exposure Goes Well Beyond the Cash Register
A business does not have to handle large amounts of cash to face a crime exposure. Checks, electronic payments, payroll, purchasing, inventory, bank accounts, and access to company property can all create opportunities for loss.
- Employees handle cash, checks, deposits, or customer payments.
- Employees have access to inventory, equipment, or other company property.
- Staff can initiate or approve electronic payments or bank transfers.
- Employees manage payroll, accounting, purchasing, or vendor payments.
- The business relies on multiple people or systems to move money or property.
Property, Cyber and Crime Coverage Are Not the Same
Commercial property insurance may provide protection against certain theft or burglary losses, but it may not address exposures such as employee theft, forgery, embezzlement, or certain forms of financial fraud.
Crime insurance is designed around those types of direct financial losses. Cyber insurance addresses a different set of technology, privacy, network security, and incident response exposures, although some areas can overlap.
Social Engineering Requires a Closer Look
Losses caused when an employee is deceived into voluntarily sending money can be treated differently from computer fraud or funds transfer fraud. Social engineering coverage may require a specific insuring agreement, endorsement, or separate coverage. The actual policy language matters.
How DiNicola Can Help
Crime risk is about more than buying a policy. Understanding who has access to money, property, accounts, and payment authority can help identify where safeguards and insurance should work together.
Review Your Exposures
We look at how employees handle money, inventory, purchasing, deposits, banking, and other business assets.
Review Coverage Gaps
Employee theft, forgery, computer fraud, funds transfer fraud, and other crime exposures may be handled differently from one policy to another.
Look at Internal Controls
Procedures involving access, approvals, reconciliations, payment changes, and separation of duties can help reduce opportunities for loss.
Risk Management Support
We can help connect clients with resources for fraud prevention, employee procedures, payment verification, and crime-risk awareness.
Other Business Insurance
Commercial crime is one part of a broader business insurance program. Explore additional coverage options for your business.
Commercial Auto Insurance
Explore Coverage →
Commercial Property Insurance
Explore Coverage →
Cyber Liability Insurance
Explore Coverage →
Errors & Omissions Insurance
Explore Coverage →
General Liability Insurance
Explore Coverage →
Management Liability Insurance
Explore Coverage →
Workers' Compensation
Explore Coverage →
Business Insurance Overview
Explore Coverage →This page provides general information about commercial crime insurance. Coverage varies by insurer and policy. Covered property, employees, causes of loss, insuring agreements, exclusions, limits, deductibles, discovery and reporting provisions, endorsements, and other terms are governed by the policy actually issued.
Let's Talk About Crime Insurance
Tell us how money, property, payments, and financial responsibilities move through your business. We can help you identify crime exposures and understand how coverage may fit into your broader insurance program.