The short answer: yes. And here’s why…
As a business owner/operator, you no doubt have commercial property insurance. While commercial property insurance covers a wide array of issues, commercial crime insurance ensures that you have coverage for everything from property theft to fraud. Many commercial property insurance poilicies do not cover these losses. Crime insurance offers coverage for office furniture, cash, computers patents, etc.
Financial losses due to crime can be hard on a medium to large sized business, but absolutely devastating for small businesses. Imagine the impact the loss of your client list or financial files would have on your business.
Crime insurance covers losses due to:
- Employee theft
- Computer fraud
- General fraud
- Counterfeit money
- Employee Dishonesty