What is crime or fidelity insurance?

Crime insurance is intended to protect you from employee theft of money, physical assets, or other items.  Crime policies can also offer 3rd party coverage, such as in the even that an employee steals from a customer.

What types of claims or losses could be covered under a fidelity, crime insurance policy, or employee dishonesty policy:

• Fidelity
• Embezzlement
• Check fraud
• Forgery
• On premises
• In transit
• Computer crimes
• Money order and counterfeit money
• Personal accounts protection
• Claim expense

Stand-alone crime policy vs. employee dishonest coverage on a business owners policy?

Did you know that your “employee dishonesty” coverage on your business owners policy may not only have a very low limit, but may also have a conviction clause?  That means that if the employee is not convicted in court, there could be no coverage.  Does your current policy have a “manifest intent” clause?

We can help find policies that have neither of these clauses.  Our small business team can help with this type of insurance for hundreds of industries, including retail operations, offices, law firms, accounting firms, non-profits, and more.  Do you have a retirement plan such as a 401k.

What is the difference between a bond and a crime insurance policy?

A bond dos not offer the same coverage as a crime policy. The coverage is more limited, often has lower limits and a conviction clause.

Request a quote from crime insurance below.