Commercial Crime Insurance does not cover property damage, bodily injury, or cyber liability. For instance, if your business experiences a data breach, you would need Cyber Liability Insurance to cover the associated costs and damages.
Related FAQs
To file a claim, contact your insurance provider as soon as the crime is discovered. Provide detailed documentation of the loss, including police reports, financial records, and any other ...
Yes, many Commercial Crime Insurance policies include coverage for computer fraud and funds transfer fraud, which can protect against losses from online scams and cybercrimes.
Fidelity Bonds are a type of insurance specifically designed to protect against employee dishonesty. Commercial Crime Insurance provides broader coverage, including third-party fraud and cybercrime.
While not legally required, Commercial Crime Insurance is highly recommended for any business that handles significant amounts of cash, securities, or valuable property. Some contracts may also require it. ...
