Specialized Crime

Today, businesses encounter numerous risks daily, with crime being one of the most severe threats. Criminal activities, both from external sources and within the company, can seriously disrupt your operations.

Crime Risks in Your Operations

Crime is a prominent concern for most businesses. It includes both external threats, like burglaries, and internal threats, such as employee theft or fraud. These criminal actions can result in significant financial damage.

What Does Crime Insurance Cover?

Crime insurance provides comprehensive protection for various criminal activities, including:

• Internal Theft: Shields against losses caused by employees stealing money, securities, or property.
• External Robbery: Covers goods stolen if a company representative is robbed away from the business location.
• Forgery and Alteration: Protects against losses from the fraudulent alteration of financial documents, such as checks and bank drafts.
• On-Premises Theft (Money and Securities): Extends coverage for funds and securities stolen by insured individuals while on the premises.
• On-Premises Robbery or Safe Burglary: Covers theft of property (excluding money and securities) from the business location.
• Computer Fraud: Provides protection against losses due to fraudulent computer activities.

Advantages of Crime Insurance

Fraud can cost businesses up to 5% of their annual revenue, as noted by the Association of Certified Fraud Examiners. Crime insurance offers essential protections, including:

• Counterfeit Fraud Protection
• Employee Theft Coverage
• Funds Transfer Fraud Safeguards
• Forgery Protection
• Computer Fraud Coverage
• Robbery Protection Inside and Outside Business Premises

These protections are not usually included in standard Commercial Property Insurance, making dedicated crime insurance crucial.

Selecting the Appropriate Crime Insurance

Assess Your Coverage Needs

Due to the high risk of criminal activities targeting businesses, specialized crime insurance is often necessary. Ensure your policy covers all potential threats and consider additional endorsements for specific risks.

Explore Different Policy Types

Crime insurance includes various coverages such as protection against forgery, computer fraud, and funds transfer fraud. Identifying your specific risks will help you choose the most suitable policy.

Collaborate with an Experienced Broker

A knowledgeable broker can tailor a policy to meet your specific needs and help you navigate the legal intricacies of your industry.

Request a Crime Insurance Quote

Safeguard your business by contacting Bozzuto Group. We can assist you in finding the right crime insurance policy customized for your needs.

REQUEST A QUOTE