Commercial Crime Insurance
Commercial crime insurance protects your business against financial losses from criminal acts — employee theft, embezzlement, forgery, computer fraud, funds transfer fraud, and social engineering schemes. The U.S. Chamber of Commerce estimates that 75% of employees have stolen from their employer at least once. Commercial crime coverage protects the assets your general liability and property policies don't cover: your money, securities, and financial accounts.
Coverages we place
- Employee theft and embezzlement (money, securities, property)
- Forgery and alteration of checks
- Computer fraud and electronic theft
- Funds transfer fraud (unauthorized wire transfers)
- Social engineering fraud (phishing, impersonation scams)
- Money and securities coverage (on-premises and in-transit)
- Client property theft by employees
- Credit card fraud losses
Who needs this coverage
Any business that handles money, financial transactions, or valuable property: retail stores, restaurants, financial services, property management, healthcare offices, nonprofits, construction companies, and any business with employees who have access to funds, accounts, or valuable inventory.
What drives your premium
- Annual revenue and total assets
- Number of employees with access to funds
- Internal controls and audit procedures
- Industry (financial services, retail, property management)
- Coverage limits and deductible
- Prior theft or fraud losses
- Background check and hiring practices
Common exclusions
- Losses discovered more than 1–2 years after occurrence
- Theft by owners or partners (in most policies)
- Inventory shortages without evidence of theft
- Indirect losses (lost profits from the theft)
- Cyber extortion (covered by cyber liability)
- Government fines and penalties
Frequently asked questions
Doesn't my business property policy cover employee theft?
Standard commercial property policies provide very limited employee theft coverage ($5,000–$10,000 typical). Commercial crime insurance provides $25,000–$1,000,000+ in coverage and covers a much broader range of criminal acts including fraud, forgery, and social engineering.
How much does commercial crime insurance cost?
Commercial crime premiums typically range from $500–$3,000/year for small businesses. Cost depends on coverage limits, number of employees, and industry. Given that the average employee theft loss exceeds $50,000, it's highly cost-effective.
Does this cover cyber theft?
Commercial crime covers funds transfer fraud and computer fraud (unauthorized access to move money). For broader cyber risks — data breaches, ransomware, business email compromise — you need a cyber liability policy. Many businesses need both.
Related coverage
Get a free quote or call (321) 206-8035.