Commercial crime insurance protects your business against criminal behavior from business-related crimes. Protection through the policy can cover cash, assets, merchandise or other property loss when someone perpetrates fraud, embezzlement, forgery, misrepresentation or any other type of business-related crime regarding your business. This policy often excluded losses incurred because of third-party crimes, owner errors, or accounting mistakes.
This policy covers several different types of crimes to which businesses are vulnerable:
- Burglary or Robbery
- Computer Fraud
- Employee Dishonesty
- Theft of Business Property
- Forgery or Alteration
- Funds Transfer
Premium for crime liability insurance is dependent on company’s type, current assets, revenue and the total number of premises and employees.