Insurance Insights: Crime Insurance
Because commercial property insurance does not typically cover crime-related losses, businesses should look to “crime insurance” to protect themselves from significant losses stemming from forgery, theft, and fraud. Too often, this important type of business insurance is overlooked, leaving businesses vulnerable to everything from break-ins to unexplained loss of inventory. This coverage protects policyholders against financial losses resulting from the dishonest acts of others whether they emanate from without or within the business. The incidence of employee fraud is generally higher in small and midsize businesses because these firms often do not have adequate internal controls in place to control it due to the number of employees needed for implementation and supervision.
You’ve spent years learning the ins and outs of your business, but chances are you don’t want to invest that much effort into understanding the nuances of your insurance. That’s why we’re here. Our friendly agents are approachable yet professional, striving to be your insurance advocate through every step of your climb to success. To learn more, please call our office. We are more than insurance specialists; we are your advocates. We make ourselves available to clients, explaining coverage options and navigating issues until they’re resolved.
Quick Tip: Crime insurance is often referred to as “fidelity insurance.”