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

• Cyber Liability
• Commercial Property
• Business Owners Policy
• Fiduciary Liability

Get a free quote or call (321) 206-8035.