Crime Insurance coverage is designed to protect your business in the event of loss due to burglary, robbery, fraud, and/or employee dishonesty. Crime insurance is the coverage for the perils of burglary, theft, and robbery and all the businesses are latent targets to employee, theft, larceny, fraud, embezzlement and forgery.  Commercial Crime Insurance is planned to deal with the risk of employee infidelity. It is an outline of insurance protection against crime. Crime insurance is said to drop in the category of fidelity coverage. Fidelity insurance might also refer to the loss caused by the lying ways of the employees. This is why Crime Insurance is often called fidelity insurance. Crime and financial fidelity insurance products cover a wide range of exposures, including employee dishonesty, forgery, theft, destruction and disappearance of property, and even cyber crime.

Robbery - Taking property by violence or the threat of violence.

Burglary - Breaking and entering or breaking and exiting in order to steal property. Burglary policies require visible evidence of forced entry or exit and usually require that no employees be present at the time, with the exception of a night watchman.

Theft - This covers stealing in general and can include both robbery and burglary, but usually excludes employee dishonesty and mysterious disappearance.

Mysterious Disappearance - When property disappears without explanation.

Discovery Period - Losses under crime coverage must be discovered within one year of the policy expiration date.

This coverage protects your business against loss resulting from mistreatment of your computer system with the target of financial gain by an individual or group, or with the intent to cause a loss of property,

The loss must be a financial loss caused by an employee's dishonest act. You have the option to name exact workers, specific work positions coverage for when it is not known who was guilty.

This coverage protects against loss due to the extortion of an insured employee or family member in exchange for ransom, whereas the individuals or property is subject to damage or harm.

This insurance coverage protects your business in the event of forgery or alteration of your company's business checks, promissory notes, drafts, consignments, or similar documents. An attached endorsement can protect against loss due to incoming documents, if so requested.

This covers money and securities and includes perils such as fire, flood and cyclone. It does not cover employee dishonesty. You can choose coverage for inside your business premises or outside your business premises.

This covers losses by robbery or attempted robbery of property owned by you or property under your care.

This covers loss of any property other than money or securities due to burglary. It also covers property damage caused by the burglary and this provides protection in the event of loss of stock or property due to a robbery in which you or your employees are forced to relinquish goods, or where a safe is burglarized and a similar loss results.

This coverage protects your property other than monies, securities, and motor vehicles when inside your premises, in the event of an actual or alleged theft. Damage to the building structure is also included. This coverage provides protection when loss occurs while you are open for business. You are also covered for robbery of yourself, your partners or employees when outside your premises.

This coverage protects securities while being transported by a custodian, while inside a custodians premises, or while on deposit in a depository. Losses are covered when caused by theft, disappearance or destruction.

This added endorsement will provide a reimbursement on the actual profits lost when a loss of stock occurs due to an insured crime peril. Without this amendment, you would only receive payment equal to the cost of the stock, thus losing any profits that would have been realized if no loss had occurred.

You can also protect your business against the crimes of forgery or alteration such as computer fraud, extortion, premises theft and robbery outside the premises, lessees of safe deposit boxes, securities deposited, On-premises theft, Off-premises theft, Depositor’s forgery, Employee theft, Money and securities while on premises or in transit.

The information below will provide some answers and help you ask the right questions in order to find the most appropriate solutions.

Q. What is Fidelity Crime Insurance?
A. Fidelity/Crime Insurance protects organizations from loss of money, securities, or inventory resulting from crime. Crime insurance claims assert employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other illegal.

Q. How Much Coverage Should You Buy?
A. Identify that the edge of coverage applies to any one occurrence, despite of how many workers may have been involved in the event. Under forgery, an occurrence is defined as all loss involving a person. In order to figure out how much coverage is really needed, figure out what the utmost likely loss will be.

Q. What is not covered by Crime Insurance?
A. This policy does not cover computer theft or fraud. The Crime policy also does not provide protection for loss of equipment or other league property - that exposure can be covered under the Equipment Insurance Plan.