Commercial Crime Insurance
Business insurance for specified theft, dishonesty or fraud losses, such as certain employee-dishonesty or money-and-securities exposures, subject to the selected crime form and endorsements.
What does Commercial Crime Insurance mean?
Business insurance for specified theft, dishonesty or fraud losses, such as certain employee-dishonesty or money-and-securities exposures, subject to the selected crime form and endorsements.
Crime insurance is not automatically the same as property or cyber insurance. Different forms can treat employee theft, robbery, forgery, funds-transfer fraud and social engineering differently.
Commercial Crime Insurance in practice
A business discovers a direct financial loss allegedly caused by an employee's dishonest acts. Whether it is insured depends on the crime policy's employee definition, insuring agreement, discovery provisions and limits.