Business Insurance

Crime Coverages

Employee Dishonesty: Provides reimbursement, up to a specified amount, for financial loss your business sustains as a result of any dishonest or fraudulent act by a covered employee or employees involving the embezzlement of money or property, including inventory, owned by you. This coverage can be extended to comply with the bonding requirements imposed by ERISA stating that all persons who handle benefit plans must be bonded for 10% of the plan’s aggregate assets.

Forgery or Alteration: This coverage protects you against loss due to the forgery or alteration of checks, bank drafts, promissory notes, or other similar financial instruments drawn against your bank account. Such coverage may be extended to include checks forged or altered by employees as well as others.

Theft, Disappearance & Destruction: Provides reimbursement for loss of money and securities resulting directly from theft, disappearance or destruction. Coverage applies while the money and securities are at your location, while in the safekeeping of you or your courier while conducting business at a bank and while off your premises and in your protection or the protection of your courier.

Inside Premises - Robbery & Safe Burglary of Other Property: When attached, this endorsement provides coverage for loss of property other than money and securities from robbery of a watchperson inside the premises or burglary of the premises. Damage to the premises that results from actual or attempted burglary or from actual or attempted robbery of a watchperson is also covered, provided you own the premises or are liable for such damage.

Premises Burglary: Covers loss to property, other than money and securities, as a result of an actual or attempted robbery of a guardsman, or actual or attempted burglary, which occurs inside your premises.

Money Orders & Counterfeit Paper Currency Coverage: Protects against loss caused by you accepting counterfeit currency that is acquired during your regular course of business, or money orders that are not paid on presentation to the issuer.

Computer Fraud: Will cover loss or damage to money, securities, and other property resulting directly from the use of any computer to fraudulently cause a transfer of that property from inside your premises or a banking premises to a person or place outside those premises.

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