Coverage for theft, embezzlement, or other fraudulent acts committed by employees.
Protection against losses due to forgery or alteration of checks, drafts, or other financial instruments.
Coverage for losses resulting from cybercrime, including phishing, hacking, and other cyber-related frauds.
Protection against fraudulent acts committed by third parties, including vendors, customers, and other external entities.
While Commercial Crime Insurance provides vital protection against losses caused by employee dishonesty, there are specific exclusions and limitations that vary by policy. Here are common risks and situations typically not covered:
During the application process, insureds must demonstrate they are a good risk by maintaining a clean loss history or showing corrective actions for past losses. Underwriters favor applicants with:
These traits signal a commitment to mitigating risks and maintaining operational integrity.
Commercial crime poses a significant threat to businesses, but with the right protection, you can safeguard your financial stability and continue to grow confidently. Tooher-Ferraris Insurance Group offers tailored Commercial Crime Insurance solutions designed to meet your unique needs. With over 90 years of experience, you can trust us to provide the comprehensive coverage and expert guidance you need to protect your business from financial loss.
Contact Tooher-Ferraris today to learn more about how we can help you protect your business from commercial crime.
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