Crime Insurance

What Does Crime Insurance Mean?

Crime insurance is a type of risk management that safeguards a business against losses resulting from business-related crimes involving property, money, or merchandise. It enables a company to file claims after criminal activities, such as securities theft, robbery, embezzlement, forgery, or similar offenses, which could otherwise cause significant financial damage to the business.

Insuranceopedia Explains Crime Insurance

Businesses are exposed to various crimes, both from internal and external sources, and they could face significant financial losses if such incidents occur. Since most commercial property insurance policies do not cover crime-related losses, crime insurance becomes essential. It can be purchased as a standalone policy or included as part of a larger insurance package.