What is Crime Insurance?
Crimes such as employee theft, computer theft, forgery, fraud, robbery, and extortion threaten all businesses, costing billions of dollars annually. According to the Association of Certified Fraud Examiners (ACFE). U.S. companies combined lose $400 billion each year due to employee fraud.
We work with companies in all industries, helping to develop comprehensive policies that cover the costs of potential employee theft.
Employee theft coverage, including third-party liability
Forgery and alteration coverage
Computer theft and funds transfer fraud coverage
Money Order and Counterfeit coverage
Fiduciary Dishonesty coverage
Extended reporting period available
Why it’s smart to have Crime Professional Liability Insurance
A bookkeeper at an automotive parts manufacturer embezzled more than $1 million. For six years, the bookkeeper forged her supervisor’s signature on company checks to pay off personal credit cards, fund vacations, and buy hundreds of items from television shopping channels. In addition, she wrote company checks to herself totaling $11,000.