Crime Insurance protects businesses from financial losses due to theft, fraud, or dishonesty committed by employees or third parties.
What Does Crime Insurance Cover?
Coverage can vary depending on the policy, but it typically includes:
- Employee Theft & Embezzlement – Fraudulent activity leading to financial losses.
- Forgery & Check Fraud – Stolen or forged company checks, electronic fraud.
- Cyber Fraud & Social Engineering Scams – Funds stolen through phishing or fake wire transfer requests.
- Third-Party Theft – Coverage for crimes committed by outside individuals (e.g., vendors, hackers).
All businesses with employees handling finances or sensitive company funds.