Commercial Crime Coverage
Commercial Crime Coverage protects your business from financial losses caused by theft, forgery, burglary, extortion, computer fraud, and robbery.
What is Commercial Crime Coverage?
Commercial Crime Coverage is a type of policy that protects your business from financial losses caused by theft, forgery, burglary, extortion, computer fraud, and robbery.
How much is Commercial Crime Coverage?
The cost can vary by state, insurance company, and the amount of coverage needed. Most important to consider (underwriters look at this, too), are the actions you are taking to protect your assets. Typical cost, when included in a Business Owner Policy (BOP), is $100 (subject to the insurance company's minimum premium rules). If you buy a standalone crime policy with broader coverage and higher limits, the starting point typically is $500.
Do you need Commercial Crime Coverage?
If you do not have disposable income to pay for a crime loss, then you should consider this coverage for your business. This is especially critical if you hire part-time or temporary positions, or if you have employees who handle cash and transactions directly.
Commercial Crime Coverage helps your business in the following ways:
Protects your business
If an employee steals from your business or vandalizes valuable equipment, the financial losses you experience will be covered.
Protects your employees
If an employee is a victim of a robbery while doing work for your business, onsite or offsite, they will be protected under this coverage.
Protects against cyber crime
If important business information is stolen or compromised, or funds are sent to the wrong bank, these losses will be covered.
Government seizures
Loss of income
Legal Fees
What doesn’t Commercial Crime Coverage cover?
RaisinBread helps provide you with coverage that can grow with your business.
