Businesses are vulnerable to unlawful acts affecting their operations, regardless of their size and industry. Even with property security protocols, trainings and employee vetting, business-related crimes can still occur. Commercial property insurance may not offer complete coverage for these incidents, so it’s essential to ensure your operation is carrying an adequate amount of commercial crime insurance.
The team at U.S E&O Brokers can help you analyze your needs and assist you in securing the insurance that is right for your operations. Contact us today for additional information. 
What Is Commercial Crime Insurance?
Dishonest acts against your business can lead to significant losses. Commercial crime insurance can mitigate these risks by offering financial protection to help offset the resulting damages. Safeguards may apply at your place of business, when your employees are working off-site and when your goods are in transit.
What Does Commercial Crime Insurance Cover?
Commercial crime insurance may cover several business-related criminal acts committed by employees or other third parties, including:
- Employee dishonesty and theft
- Burglary
- Robbery
- Embezzlement
- Forgery and alteration
- Computer fraud
- Funds transfer fraud
- Destruction of money or securities
- Good faith acceptance of counterfeit currency or money orders
Coverage for other acts may also be available through various policies or endorsements. Contact your agent for more information on coverages, limits and exclusions.
How Much Commercial Crime Insurance Do I Need?
Each business’s needs will vary and securing adequate coverage is vital to ensure your business is properly protected against the various crime risks you may encounter. It is essential to conduct a risk assessment to help you determine your needs. Your insurance agent can provide valuable guidance.
How Much Does Commercial Crime Insurance Cost?
The cost of commercial crime insurance depends on several factors. Your business’s location, size, industry and claims history may impact premiums. Additionally, the security measures you have in place, your selected coverage limits and the value of the insured property can impact premiums.
Contact Us Today
Businesses are vulnerable to crime from internal threats or external actors. The right commercial crime insurance policy can help mitigate the damages of these unlawful acts and offer financial protection for your business.
The experienced professionals at U.S E&O Brokers can discuss your operation’s exposures and how commercial crime insurance can protect your business. Contact us today for details or a quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.