Crime losses exact a huge financial toll on businesses. Crime is the most prevalent cause of property loss. Many commercial property forms, such as the Building and Personal Property Coverage Form, exclude monetary losses entirely, and the causes of loss forms exclude most criminal acts. Knowing which commercial crime coverage to choose and the coverage provided will help you understand why this coverage is an effective method of managing crime exposures.
A commercial crime policy typically provides several different types of crime coverage, such as: employee dishonesty coverage; forgery or alteration coverage; computer fraud coverage; funds transfer fraud coverage; kidnap, ransom, or extortion coverage; money and securities coverage; and money orders and counterfeit money coverage.