Typically, employee crime-related losses to a business are not covered by your Commercial Property Insurance plan. That’s why you may want to consider stand-alone Crime/Employee Dishonesty Insurance policy. This type of coverage protects you and your business from theft of money, securities, property, forgery, alteration, unauthorized electronic funds transfers, wire fraud, credit card fraud, computer fraud, money order fraud, and counterfeit fraud.

You can also add your Employee Retirement Income Security Act (ERISA) bond coverage to a Crime policy. This is a requirement in order to comply with ERISA bonding requirements. A Crime/Employee Dishonesty policy can also include coverage for the loss of client’s property in your care or control. Crime/Employee Dishonesty coverage is an invaluable protection from the unknown of employee theft, manipulation of funds, and theft of customer property.