Rick Case Insurance Agency Blog
Regardless of the size, every business is at risk of a crime. According to the experts, it is one of the most common problems that businesses face today. So as a business owner, you are prone to criminal acts such as employee dishonesty.
Due to these criminal acts, your business could suffer from considerable losses. Know that general liability insurance does not cover some of these losses. Instead, they belong under crime insurance.
What Does Crime Insurance Cover?
With crime insurance, you will have protection in case of a loss brought about by certain criminal acts. These include:
While burglary insurance only covers the insured valuables of a business in the event of forced entry, crime insurance covers all forms of robbery regardless of the venue or nature of the crime. There is no restriction in its policy.
At the same time, when an employee commits a crime, your commercial liability insurance cannot protect you as this policy excludes such circumstances specifically. On the other hand, crime insurance offers specific coverage in the event of a business loss due to a dishonest act of an employee.
In addition, crime insurance provides protection to your business in a situation where a third party commits a crime. Some of the common examples that your business can suffer due to a loss are computer fraud, identity fraud, paper forgery, and loss of business property. Buying a crime insurance policy covers all these losses.
Another example that crime insurance will prove to be useful is when there is a crime of non-material loss, for example, vital company information that has been stored on a computer that was stolen.
Crime insurance has some exclusion. These are indirect losses caused by a criminal act, property destruction brought on by the authorities, losses as a result of war, and criminal acts that were done by the insured.
Protect your business with crime insurance. Talk to your insurance agent about this kind of coverage because you will never know when a crime will be committed.
At Rick Case Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (405) 722-5556 or Click Here to request a free quote.