While you may think your business would never be the victim of a crime, the harsh reality is that nearly every business can become a victim.

In this day and age, criminals (including employees) do not need direct access to cash to steal from you—merchandise, supplies and securities are all fair game.

Standard commercial property insurance policies typically provide some protection from criminal acts, but they often do not cover losses resulting from all types of fraudulent activities. Crime insurance was developed to deal with the limitations of other policies and extend protection to include coverage for a wide variety of wrongdoings:

• Coverage for the misuse of funds—It is likely that a number of your employees have access to company funds or financial information. In some cases, employees may abuse this access for personal gain. Crime insurance can protect organizations from the misuse or illegal transfer of funds, ensuring your finances are safe from internal criminal acts.
• Coverage for forgery and alteration—Your employees may have access to cheques that they can easily alter for their own gain. Crime insurance policies provide coverage for losses that result from the forgery or alteration of a cheque.
• Loss from Computer Crime—Including computer fraud and computer program and electronic data restoration expense. Crime insurance can provide a crucial layer of protection for any money or securities lost via computer fraud.

Have you reviewed your policy… is your crime coverage adequate? To discuss your unique risks and to learn more about crime insurance policies, contact us today.