Commercial Crime Insurance covers money, securities, and other property against a variety of criminal acts that occur inside and outside the premises of your business due to external threats and/or even your own employees.
Many firms worry about funds being stolen or transferred out of an account. In this age of electronic banking, this is a real risk for all size firms. Imagine if $100,000 was transferred out of your bank account. What would you do? The bank would insist that they had received proper instructions for the transfer. Without Crime coverage, you would have nowhere to turn.
This type of coverage can protect you in the case of forgery or alteration, fidelity or employee theft, robbery, computer crime, and funds transfer fraud, to name a few risks. Working through such losses takes time and money. Being covered from internal and external crime is vital.