When Do I Need It?
A commercial crime policy typically provides several different types of crime coverage, such as: employee dishonesty coverage; forgery or alteration coverage; computer fraud coverage; funds transfer fraud coverage; kidnap, ransom, or extortion coverage; money and securities coverage; and money orders and counterfeit.
The Benefits of Crime Insurance:
- Provides coverage for commercial and governmental entities.
- Available coverages address loss of money, securities, and other assets resulting from dishonesty, theft or fraud (including computer fraud).
A blanket bond is insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to employee dishonesty. A blanket bond may also be known as a blanket fidelity bond or blanket honesty bond.