Protecting Your Business: What You Need to Know About Crime & Fidelity Insurance

Also referred to as Fidelity Insurance, Business Crime Coverage is a type of crime insurance policy that offers you coverage that is not often found in your typical Commercial Property Policy.

When a business experiences a loss, no matter the reason, it can have a devastating effect. You work hard to ensure that your business succeeds so you will want to do all you can to protect it from any potential risks.  We are here to offer solutions and information when it comes to protecting your business from the very real threat of crime.

Business Crime Coverage or Fidelity Insurance offers protection from a wide range of crimes including the theft of money or property, the dishonesty of employees, embezzlement, or on-premises robbery. As detailed below:

Theft of Money or Securities 

If someone other than an employee steals your money or securities from your building or financial institution.

Employee Dishonesty Coverage 

If your employee illegally takes money, securities, or other business property from you.

Third Party Coverage 

If your employee illegally takes money, securities or other business property from your clients.

Forgery   

If someone attempts to forge checks.

Robbery Coverage 

Robbery Coverage is a component of business crime coverage that protects you when someone robs you of your property while it’s inside your building or in the care of a messenger or armored vehicle company. It also helps cover the loss or damage of a locked safe or vault located at your business that has been broken into during a robbery.

Cyber Liability 

Additional types of coverage, such as Computer Fraud and Social Engineering coverages, are also available with a different type of policy known as a Cyber Liability policy.

Please give us a call to ask any questions you may have or to find out if adding a fidelity policy to your insurance portfolio would benefit you.

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.