A commercial crime insurance policy exists to provide protection for a company’s assets. This includes any money, property or assets that a business possesses for a client. It will also involve anything the company owns and covers both internal and external theft. Some of the options that could be covered under a crime insurance plan include:
- Theft of Client’s Property of Securities
- Employee Theft
- ERISA/Employee Dishonesty
- Fraudulent Money Orders
More companies are experiencing hacking and cyber theft than ever before. Customers depend on the security of organizations they do business with. This growing area of crime exposes customers to financial risk when they share their personal, financial information. This includes using their credit cards or bank accounts with your company.
Business that deal directly with money and assets, such as banks, need protection from cyber security problems as well. When wealth is entrusted to a company, it is their responsibility to take good care of it. A crime insurance policy is a way to ensure that these valuables are covered in the case of cyber crime.