Uncovering the Mysteries of Crime Insurance


More often than at any other time in history, businesses are being hit by the criminal behavior of unprecedented proportions. However, the surprising fact is that business employees are committing much of that unlawful conduct. Since the property insurance on your commercial building does not cover employee crimes, adding an additional layer of valuable protection to your insurance coverage makes sense.

Demystifying Coverage

Protecting your property from an employee’s illegal actions is easier than you think according to AXIS because commercial crime insurance covers embezzlement, forgery, merchandise theft, and cash removal. The policy can also protect your company from non-employees for the following actions:

  • Forgery
  • Burglary
  • Theft
  • Fraud
  • Robbery

Clarifying Loss

One of the largest losses faced by businesses during the past two decades has been computer-based fraud, hacking, and fund transfers. While it is easy to claim the losses will never happen to you or harm your business, the computer damage has been spreading quickly to the point that even the very large businesses are no longer secure from the employee or third-party computer-based theft.

Whether you choose an insurance policy based on a discovery basis or loss sustained source, you can be sure your company is protected from business-related crimes when you purchase crime insurance for your commercial property. There are many options available to help you protect your future from standalone policies or commercial packages.