Commercial Crime Insurance protects businesses of all sizes against financial loss due to the illegal activities of employees and third parties.
According to one study carried in USA, businesses lose an average of 5% of their gross revenues to fraud alone. Crime insurance steps in to help protect your company against such loss.
It safeguards the business from criminal intents like fraud, forgery, etc. Business can recover fast through the reimbursement received under Crime Insurance for losses of money, securities, and other tangible property.
a) Internal (employees) fraud.
b) External (third party) fraud .
c) Computer Fraud .
d) Theft .
e) Loss of money and assets.
1. All Businesses which have numerous employees (say, more than 10).
2. Companies / banks which deal with high volume of cash and other securities.
3. Businesses which employ contractual and seasonal workers.