Crime Insurance
Company Crime Coverage – Los Angeles, California
Crime insurance is specifically designed to safeguard your company from various types of criminal activity, including theft, fraud, and employee dishonesty. It helps cover the financial impact that could otherwise significantly affect your business.
Why Crime Insurance is Important:
- Protects Your Assets: Criminal activity can lead to significant financial loss, whether it’s from an employee’s dishonest actions or an external theft. Crime insurance ensures that you’re not left footing the bill for such unexpected incidents.
- Peace of Mind: Crime insurance provides peace of mind knowing that your business is covered in case of theft, fraud, or other criminal acts.
- Compliance and Reputation: In some industries, having adequate crime coverage may be a requirement. Additionally, coverage can help protect your company’s reputation by ensuring a quick resolution if a crime occurs.
It Typically Covers:
- Employee Dishonesty: This covers losses resulting from fraudulent acts by employees, such as theft or embezzlement. Even the most trusted employees can sometimes engage in unethical behavior, and this coverage ensures that your business is protected.
- Theft (Including Burglary and Robbery): This covers physical loss or damage to property due to theft, burglary, or robbery, whether the crime occurs on your business premises or off-site. This can also include losses from criminal activity involving your business vehicles.
- Forgery or Alteration: If someone alters or forges a check or any financial document related to your business, this coverage will help reimburse the costs of those losses.
- Credit Card Fraud: If a criminal fraudulently uses a business credit card or makes unauthorized transactions, crime insurance can help recover those costs.
- Money and Securities: This protects against theft or destruction of money, securities, or other valuable assets, whether it’s on your business premises or in transit.
- Social Engineering Fraud: This newer type of coverage protects against losses from fraudulent schemes, where criminals manipulate employees into transferring funds or disclosing sensitive information
