Crime

Crime 2017-12-07T16:55:42+00:00

Crime insurance protects companies from losses sustained from a first party crime. A first party crime is one committed by a person within a company, usually an employee. Common claims include employee dishonesty, computer fraud and embezzlement.

Most crime-related claims are not covered by typical property insurance policies, so crime insurance coverage is essential to protect companies from crime-related loss.

Fraud claims are on the rise. According to the Association of Certified Fraud Examiners, the average U.S. business can expect to lose 6% of its annual revenue to losses involving employees. Crime insurance can help protect against that loss.

IT Risk Managers can help you with your crime insurance needs. We can also help you with risk assessment. Contact us today to get started.