Insurance Policy
Crime and Employee Dishonesty Insurance Policy
Theft
Theft of property, money or securities by employees is not covered under the property policy. The property policy will also exclude theft of money and securities regardless of who commits the crime
Alternative Names
The crime insurance policy has many aliases. Blanket crime policy, employee dishonesty and fidelity bond are just a few of the names you find for this coverage.
Insurance You Need
Crime and Employee Dishonesty Insurance Policy is serious. Businesses of all types need this coverage either as a stand-alone policy or an endorsement of a package policy. The potential for loss is significant.
Here are the numbers recently developed by CBS news:
- The amount stole annually from US businesses by employees – $50 billion.
- Percent of annual revenue lost to theft or fraud – 7%
- Percent of employees who have stolen at least once from their employer – 75%
- Percent of employee who stole at least twice from their employer – 37.5%
- Percentage of all business bankruptcies caused by employee theft – 33%
Protect What's Yours
Crime insurance coverage primarily protects you from loss caused by:
- Theft of money, securities, and property by employees
- Theft of money & securities on-premises or while in transit to the bank or other destination.
- It also includes coverage for forgery, computer fraud and other types of criminal acts.
If you would like more information about this insurance coverage and premium indication, please click the link below to complete a short questionnaire or call us at 312-341-9080. Tell the operator you would like to talk with our business auto insurance expert