Your business may benefit from securing crime insurance.
As a business owner, you want to believe that each employee is an honest fit for the job. Unfortunately, crime and employee dishonesty can happen in any workplace, including small businesses, construction projects, and more. By the time you discover the truth, the damages can be costly.
Crime-related losses are rarely covered by commercial property insurance, so it’s important to make sure that your business is protected. After all, you don’t want to get your startup off the ground only to find that your team are sabotaging it by thieving. Almost 90 percent of significant losses involve employee theft. Fortunately, crime insurance can step in to support your business.
Commercial crime coverage offers protection against:
- Employee dishonesty
- Forgery or alteration
- Money and securities
- Money orders and counterfeit paper currency
- Computer fraud
If your business suffers a hardship, such as a robbery, crime insurance can help to mend your business. Crime coverage guarantees that the insurance company will pay the insured business for money or other property lost because of dishonest acts of its employees, either names or by positions.