Crime insurance protects your business from financial loss caused by criminal acts. These acts can come from inside or outside your company. Theft, fraud, embezzlement, and forgery can cost your business thousands—or even millions. Crime insurance helps you recover those losses and keep your operations secure.

Every business faces different risks. Your coverage should match the size of your company, your industry, and the systems you use. Below are the most common types of crime insurance coverage that you should consider:

Employee Dishonesty Coverage

Your employees have access to your assets. Most are trustworthy—but not all. This coverage protects you if an employee steals money, property, or sensitive information. It also covers embezzlement, billing fraud, or inventory theft.

If an employee creates fake vendors or alters payroll records to take extra money, this policy helps you recover the loss. It applies whether the dishonest act happens once or over time.

Forgery or Alteration Coverage

Businesses rely on written financial documents. But criminals often target checks, promissory notes, or business drafts. Forgery or alteration coverage helps if someone forges your signature or alters your documents.

If someone changes a check amount or creates fake checks with your company name, this coverage pays for the losses. It also helps with legal defense if a bank or vendor holds you responsible for forged payments.

Computer Fraud Coverage

Cybercriminals can use your own systems against you. Computer fraud coverage protects your business if someone accesses your computers or network to steal money or data.

If hackers break into your system and transfer funds or steal confidential data, this coverage steps in. It also applies if someone installs malware or uses a phishing scheme to steal login credentials and take money.

Funds Transfer Fraud Coverage

Fraudsters often impersonate company leaders or banking officials. They trick employees into making unauthorized wire transfers or moving money to fake accounts. Funds transfer fraud coverage protects your business from these schemes.

If someone sends a convincing email posing as your CEO asking for a wire transfer, and your staff follows through, this policy helps recover the lost funds.

Money and Securities Coverage

This coverage protects your physical cash, checks, and securities. It applies whether the loss happens inside your business or while in transit.

If someone steals money from your register, or if a courier loses a bag of deposits, this insurance helps. It also covers damage to currency due to fire or natural disasters. Whether the loss happens at the office, in a safe, or on the way to the bank, you’re protected.

Extortion Coverage

Extortion threats are a growing concern for businesses. Criminals may threaten to harm your property, employees, or customers unless you pay a ransom. Extortion coverage helps cover losses from these threats.

It may also cover ransom payments, negotiations, and even crisis management services. If your business faces physical threats or data lockouts (like ransomware attacks), this policy gives you support and financial backing.

Identity Theft Coverage

Business owners and employees can be targets of identity theft. Criminals may open fake accounts, reroute mail, or take out loans in your name. Identity theft coverage helps cover the costs of clearing your name and restoring your credit.

It can pay for legal fees, lost wages, credit monitoring, and professional restoration services. This policy gives you the tools to respond quickly and limit long-term damage.

Social Engineering Fraud Coverage

Some criminals don’t use force—they use deception. Social engineering fraud involves tricking your employees into willingly handing over money or sensitive data.

A scammer might pretend to be a vendor or executive and ask for immediate payment. If your staff falls for it, your business suffers. Social engineering fraud coverage helps recover those funds and teaches your team to spot similar threats.

Safe Depository Coverage

If your business keeps valuables in a safe or vault, this coverage helps protect those assets. It covers theft, forced entry, or damage to the contents.

Whether someone breaks in and steals cash or a natural disaster destroys the safe, this policy helps pay to replace what was lost. This is especially important for businesses that store large amounts of money or sensitive documents.

Final Thoughts
Crime can hit any business—large or small. It can come from outsiders or even trusted employees. One incident can cause major financial and reputational harm. Crime insurance doesn’t just reimburse your losses—it helps you respond quickly and keep your business running.

Make sure your coverage fits your unique risks. Talk to an experienced insurance advisor who can guide you through the right options.

Need help building a crime insurance plan for your business? Contact Combined Insurance Service LLC at 816-847-1911. We’ll help you stay protected—no matter who’s trying to take advantage.