Crime Insurance Form A Employee Dishonesty

Any loss or damage to money securities or other property caused by employee theft or forgery.

Crime insurance form a employee dishonesty. Crime or fidelity bond coverage protects organizations from their own loss resulting from a crime event. 3rd party crimes meaning the person taking money is not affiliated with the association. Definition employee dishonesty coverage coverage for employee theft of money securities or property written with a per loss limit a per employee limit or a per position limit. It compensates a business for financial losses caused by property thefts committed by employees.

Help protect your clients businesses from loss of corporate money securities or other property due to crimes including employee dishonesty forgery robbery and wire transfer fraud with stand alone crime fidelity insurance from the hartford. Employee dishonesty insurance coverage sometimes referred to as fidelity bond crime coverage or crime fidelity insurance is a type of business insurance that protects a small business employer from a financial loss as a result of fraudulent acts conducted by an employee or group of employees. The primary coverage granted and the primary coverage implicated in a crime loss arises from employee dishonesty and employee theft. Employee dishonesty coverage is one of the key coverages provided in a commercial crime policy.

Additionally funds transfer fraud and computer fraud are threats that every organization must consider. At its most basic crime insurance protects organizations from loss of money securities and other property. Protect your small business. Employee dishonesty insurance and bonds usually cover money stolen by an employee.

Travelers crime coverage offers multiple insuring agreements to provide protection for exposures such as loss from forgery or alteration employee dishonesty loss of money and securities and reimbursement for claim expenses. What does commercial crime insurance cover. Employee theft also called employee dishonesty coverage is a type of crime insurance. Links for irmi online subscribers only.

This coverage may be purchased alone or in combination with other crime coverages like computer fraud and robbery and safe burglary. Commercial crime insurance generally includes coverage for the following items. The financial loss can be caused by an employee s theft of property money or securities owned by the small business. If a business is aware that an employee has previously stolen from the business losses caused by that employee may not be covered.