Commercial Crime Insurance protects your business from losses due to dishonest acts: by employees or outsiders. Unlike standard property policies, crime insurance (sometimes called a fidelity bond) covers financial loss from embezzlement, employee theft, forgery, funds transfer fraud, and more. Whether a bookkeeper siphons money, a hacker diverts a wire transfer, or a break-in results in stolen cash, crime insurance fills gaps left by other coverages.
Shield Your Business From Financial Losses Caused by Theft, Fraud, and Embezzlement
Comprehensive Protection Against Internal and External Crimes
Employee Dishonesty:
Covers losses from embezzlement, theft of money or inventory, or fraudulent bookkeeping by staff.
Forgery and Alteration:
Reimburses you for losses from forged checks or altered payment instructions.
Funds Transfer Fraud:
Protects your business if hackers or scammers trick you into sending money to fraudulent accounts (social engineering fraud, available as an add-on).
Robbery and Burglary:
Covers cash and securities stolen from safes, registers, or the premises, whether by armed robbery or break-in.
Computer Fraud:
Insures against unauthorized electronic theft or manipulation of funds.
Close the Gaps Left by Standard Insurance
Property Insurance:
Usually covers only outside theft (break-ins, burglary) and has strict limits for cash.
Crime Insurance:
Covers both external theft and internal fraud or employee dishonesty... losses most property policies exclude.
Fidelity Bond:
Another name for employee dishonesty coverage; some contracts require it for certain industries.
Real Risks | Real Recovery
Employee theft is more common than most business owners realize. Many California businesses have suffered significant losses due to trusted staff or sophisticated scammers. For example, one local company recovered over $100,000 embezzled by a long-term employee because they had the right crime insurance. Small businesses are especially vulnerable, as they often lack strict financial controls or audits.
Prevention Plus Protection
Miller United will tailor your crime coverage for your business and industry. We can include endorsements for social engineering fraud and advise on best practices: like segregation of financial duties, background checks, and internal controls. Let us help reduce your risk in the first place. We combine strong policies with practical prevention.
FREQUENTLY ASKED QUESTIONS
Common Commercial Crime Insurance Questions
Will crime insurance cover employee theft or embezzlement?
Yes, it reimburses losses caused by dishonest acts of employees, something property insurance typically excludes.
What’s the difference between crime insurance and a fidelity bond?
They are closely related; “fidelity bond” is a common term for employee dishonesty coverage but it has a specific role to protect investments of your employees. It is often a part of commercial crime insurance.
Does it cover cyber or wire transfer fraud?
Many policies do, especially if you add coverage for funds transfer fraud or social engineering. We’ll help you find the right protection.
How much does this coverage cost?
Premiums vary based on your business size, risk, and coverage limits. We’ll customize a plan that fits your operations and budget.
Protect Your Business From the Unseen.
Request a Crime Insurance Quote
Don’t let theft, fraud, or embezzlement threaten your livelihood. Get complete crime and fidelity bond coverage from Miller United—fast quotes, clear advice, local support.
