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What is Crime Insurance?

What is Crime Insurance?

As a business owner you are certainly aware of the importance of securing your facility for the night to protect from theft and vandalism. But, are you also focused on the looming threats associated with internal theft? Choosing to ignore your company’s susceptibility to internal theft risks can have a crippling effect on your small business. In this article, we will analyze the benefits of crime insurance and how it can protect your business.

Crime Insurance is also known as Fidelity Insurance or Employee Dishonesty Insurance and was designed to protect beyond the basic scope of fidelity bonds that many businesses previously used to protect their assets. As a business owner, you know that your labor force is essential in all aspects of your business and it can be a slap in the face to find that an employee who you’ve been compensating for their time, has focused their efforts on theft, forgery, burglary, extortion, or computer fraud. Crime Insurance policies have been designed to protect against first party claims (direct theft of business funds), as well as third party claims (theft of accusations from outside entities).

Crime Insurance policies typically include the below coverage options:

  • Alteration or Forgery
  • Employee Theft of Company Assets
  • Employee Theft of Client property
  • Theft of securities and money inside the business premises
  • Safe burglary or robbery inside the business premises
  • Theft outside the premises or in transit
  • Funds transfer fraud
  • Computer fraud
  • Counterfeit money and Money Order fraud

Crime insurance is a must for all types of businesses, especially bearing in mind that internal theft is is a habit-forming crime and rarely isolated to one employee on one occasion. Small to medium sized business who don’t want to spend a fortune on security and monitoring services are usually the most at risk. Considering that almost every business either maintains financial records, inventory, or engages in an exchange of currency (electronically or physically), crime insurance should be a key component of your business insurance portfolio.

For more information on how a crime insurance policy can protect your business, contact a Moore Resources Insurance Agent today!





Moore Resources is an Independent Insurance Agency located in St. Petersburg, FL and offering Homeowners Insurance, Auto Insurance, Personal Insurance and Business Insurance. Our reach extends beyond the Tampa Bay area to the entire state of Florida. Moore Resources has regionally been dedicated to serving the local residents of Pinellas, Hillsborough, Polk, Pasco, Manatee and Sarasota counties; including St. Pete, Tampa, Clearwater, Bradenton, Brandon, Dunedin, Gulfport, Lakeland, Largo, Lutz, Palm Harbor, Pinellas Park, Riverview, Ruskin, Seffner, Seminole, Temple Terrace, Tierra Verde, Town n Country,  and the Gulf Coast Beaches.


The purpose of this blog is to present general information only. It does not interpret specific policies or coverage. In order to obtain detailed information regarding your insurance, contact a licensed insurance agent.