What Is Crime Insurance?
While management liability typically protects leadership decisions, Crime Insurance adds a vital layer of security against intentional wrongdoing — especially when it comes from within. Whether it’s employee theft, embezzlement, or third-party fraud, even one incident can lead to substantial financial loss. Crime Insurance ensures your organization is protected from these often-overlooked threats.
Crime Insurance protects businesses from financial loss caused by dishonest acts — including theft, fraud, and forgery — by employees or external parties.
Employee Theft and Embezzlement
Covers losses due to internal theft of money, securities, or company property.
Computer and Funds Transfer Fraud
Covers cyber-enabled theft, including phishing, social engineering, and wire fraud.
Forgery or Alteration
Protects against forged checks, counterfeit documents, or unauthorized fund transfers.
Third-Party Crime
Provides protection against burglary, robbery, or fraudulent actions by vendors or outsiders.
Who Needs Crime Insurance?
Any organization that handles financial transactions, manages assets, or has employees in sensitive roles is at risk. Crime Insurance is especially critical for:
Companies with access to large sums of money or financial data
Businesses with remote operations or decentralized teams
Organizations that use digital payment systems or online banking
Firms in sectors like finance, retail, healthcare, manufacturing, and nonprofits
Even with strong internal controls, fraud can occur — and go undetected until it’s too late.
Key Benefits of
Crime Insurance
Asset Protection from Internal Fraud
Safeguards your business against losses caused by dishonest or criminal employee behavior.
Coverage for Cyber and Electronic Theft
Protects against tech-enabled crimes like phishing, spoofing, and fraudulent wire transfers.
Support During Investigations and Recovery
Covers costs related to forensic audits, legal consultations, and claim processes.
Business Continuity and Reputation Management
Minimizes operational disruption and reputational harm after a financial crime.