Commercial Crime Coverage

Commercial crime policies are available in a variety of forms and can protect your business from employee theft of money and securities as well as the theft of property. Theft of money and securities from non employees including depositor’s forgery, loss of funds due to wire transfer fraud and computer fraud are also available. Commercial banks and other financial institutions secure crime insurance with substantial limits meeting or exceeding those set by regulatory authorities. The majority of money and securities are owned by the customer and deposited with the financial institution primarily for commerce and safe keeping.

Wire transfer fraud and computer fraud are a widely overlooked addition to a commercial crime insurance program.
With cyber crime on the rise, you may wish to review your crime policy.