Crime Insurance coverage is designed to protect your busines in the event of loss due to burglary, robbery, fraud, and/or employee dishonesty.
Listed below are available crime insurance coverages:
COMPUTER FRAUD: This coverage protects your business against loss resulting from malicious misuse of your computer system with the intention of financial gain by an individual or group, or with the intent to cause a loss of property, monies or securities.
EMPLOYEE DISHONESTY: This coverage will protect your business in the event fraudulent or dishonest acts are committed by an employee which result in loss of money, securities or property. This coverage is also known as a "fidelity bond".
EXTORTION: This coverage protects against loss due to the extortion (kidnap) of an insured employee or family member in exchange for ransom, whereas the individual(s) or property is subject to damage or harm.
FORGERY OR ALTERATION: This insurance coverage protects your business in the event of forgery or alteration of your company's business checks, promissory notes, drafts, consignments, or similar documents. An attached endorsement can protect against loss due to incoming documents, if so requested.
GUEST'S PROPERTY-PREMISES: This provides protection against burglary, robbery, loss or destruction of a guest's property, for which you are responsible for safekeeping.
GUEST'S PROPERTY-SAFE DEPOSIT LIABILITYThis coverage provides protection against burglary, robbery, destruction or other damage of a guest's property while in a safe deposit box, for which you are responsible for safekeeping.
LESSEES OF SAFE DEPOSIT BOXES: This provides protection of securities against loss caused by theft, disappearance or destruction and covers property other than money and securities against loss caused by burglary, robbery or vandalism. Coverage is limited to covered property in the insured's safe deposit box when inside a vault, as well as during the course of removal or deposit from that safe deposit box while inside the insured's premises.
PREMISES BURGLARY: This coverage protects your business from loss or disappearance of stock or property as a result of a burglary, inside your premises. Coverage is also provided in the event of the robbery of a watchman.
PREMISES THEFT AND ROBBERY OUTSIDE:This coverage protects your property other than monies, securities, and motor vehicles when inside your premises, in the event of an actual or alleged theft. Damage to the building structure is also included. This coverage provides protection when loss occurs while you are open for business. You are also covered for robbery of yourself, your partners or employees when outside your premises.
ROBBERY AND SAFE BURGLARY: This provides protection in the event of loss of stock or property due to a robbery in which you or your employees are forced to relinquish goods, or where a safe is burglarized and a similar loss results.
SAFE DEPOSITORY DIRECT LOSS: This insures a customers' property while: inside the customers' safe deposit box within a fault on the depositorys' premises; stored in such vaults within the premises; temporarily elsewhere within the premises while in the course of deposit to or removal from such boxes and vaults.Coverage is limited to loss caused by robbery or burglary, as well as damage or destruction of the insured property.
SAFE DEPOSITORY LIABILITY: This coverage insures the sums that an insured becomes legally obligated to pay as a result of damages or loss to a customers property while: inside the customers' safe deposit boxes inside the vaults within the depositorys' premises; stored inside such vaults within the depositorys' premises; temporarily elsewhere within the depositorys' premises while in the course of deposit into or removal from the safe deposit boxes or vaults.
SECURITIES DEPOSITED WITH OTHERS: This coverage protects securities while being transported by a custodian, while inside a custodians premises, or while on deposit in a depository.Losses are covered when caused by theft, disappearance or destruction.
SELLING PRICE: This added endorsement will provide a reimbursement on the actual profits lost when a loss of stock occurs due to an insured crime peril. Without this amendment, you would only receive payment equal to the cost of the stock, thus losing any profits that would have been realized if no loss had occurred.
THEFT, DISAPPEARANCE, DESTRUCTION: This coverage will protect your company's monies and securities in the event they are lost or damaged due to any peril, except those which are specifically excluded by the policy. This is the broadest form of crime coverage available for money and securities and includes losses on or off your premises.