Commercial Crime Insurance

Protecting the well-being of a business is paramount to what we do at JD Fulwiler & Company Insurance. Therefore, we understand why all business owners worry about crime, whether it’s through internal or external forces. 

A crime against your company invariably takes time and money to resolve, which worsens without a reimbursement strategy. That’s why we partner with businesses of all sizes to provide our expertise in commercial crime insurance policies tailored to individual needs. 

Let us help you protect your company with a policy that may safeguard you against the following employee-related crimes:

• Burglary or Robbery
• Computer Fraud
• Counterfeit Paper Currency
• Employee Dishonesty

• Forgery or Alteration
• Fraudulent Money Orders
• Funds Transfer Fraud
• Theft of Money and Securities

Commercial Crime Insurance FAQ

Get answers to commonly asked questions about commercial crime insurance coverage.

What is Commercial Crime Insurance?

Commercial crime insurance coverage is a policy we offer that may reimburse a business against various types of external and internal crimes. 

Specifically, this insurance protects a business from catastrophic financial losses resulting from unlawful acts such as theft, forgery, fraud, and embezzlement by employees or third parties like contractors.

Should My Business Get Commercial Crime Insurance?

The short answer is yes. Commercial crime insurance could provide the only reimbursement you receive if an employee commits theft or fraud against your clients or customers. Listed below are just a few businesses that benefit from coverage: 

• Small businesses 
• Banks, financial institutions, investment firms, and financial tech companies 
• E-commerce businesses and wholesalers 
• Nonprofit organizations
• Retail stores and restaurants 
• Businesses with certain reputational risks 
• Companies handling sensitive financial information and securities

We work with businesses of all types and sizes, including those listed above. We invite you to schedule a personal consultation with an insurance expert to learn how our policies make a difference.

Who is Covered by Crime Insurance?

Coverage depends on the policy, but your business is typically the primary beneficiary. However, your employees may also be covered when a crime occurs while working on your company’s behalf. 

Our team has a deep knowledge of products and specialized industries. If you have questions, our dedicated staff is here to assist you. Connect with us today and speak with an insurance expert to discuss your coverage needs.

When Should I Get Commercial Crime Insurance? 

We recommend that all businesses have a policy in place before it’s needed. 

Additionally, even if you think there isn’t a threat of fraud, having a commercial crime insurance policy may provide the only path forward for financial reimbursement should your business experience an employee-related crime.

What Are the Benefits of Commercial Crime Insurance?

Having a reimbursement plan is the primary reason companies come to us for commercial crime insurance. Generally, our clients feel the most significant benefits of having a policy include: 

• Mitigating financial losses due to employee dishonesty and illegal activity
• Repayments due to computer fraud, forgery, or other alterations 
• Reimbursements for fraudulent money orders, stolen securities, illicit fund transfers, and counterfeit paper currency
• Refunds for merchandise, inventory, or stock stolen by an employee
• Added protection against extortion 

Do I Need Commercial Crime Insurance if I Have Business or Cyber Liability Insurance?

We recommend reviewing all policies to understand your coverage. 

For example, in most cases, commercial crime coverage differs from other offerings because it’s intended to mitigate losses from intentional criminal activity committed by an employee. In contrast, cyber liability coverage minimizes losses from online fraud attacks, phishing scams, stolen credit card information, and other illegal activity committed by an outside party.

In other words, no two policies are alike, so we recommend speaking with an insurance expert to find the best coverage for your enterprise.

How Do I Get Commercial Crime Insurance for My Business? 

While we offer commercial crime insurance to businesses in Washington in Oregon, we’re licensed in all 50 states and partner with companies nationwide. 

Ready to protect your best investment? Let’s schedule a complimentary consultation to discover how we can further protect your company from potential losses. 

Contact our team today.