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  • > The Benefits of Commercial Crime Insurance
  • > Quick Guide to Commercial Crime Insurance
  • > Frequently Asked Questions
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The Benefits of Commercial Crime Insurance

Employee Fidelity Cover

Commercial Crime insurance protects the business against the claims arising due to employee fidelity or dishonesty. For instance, the company will be covered if any of its employees steals cash from the office.

Blanket Policy

Commercial Crime policy offers coverage for all full-time and part-time employees. It also covers contractual workers and volunteers who may be vulnerable to fraud, dishonesty or theft.

Transit Cover

Losses sustained due to destruction, theft or wrongful abstraction of money and securities outside your business premises by a third party are covered by Commercial Crime Liability insurance.


Affordable Cost

Commercial Crime insurance provides coverage for a wide range of business risks at a very cost-effective price. There is also an option to include extensions to your policy to enhance your coverage.

Quick Guide to Commercial Crime Insurance

What Is Commercial Crime Insurance?

Commercial Crime insurance is valuable coverage that can safeguard your company from substantial financial losses from criminal activities. Whether external individuals or internal employees commit the crimes, this insurance policy protects against various forms of wrongdoing, including theft, fraud, forgery, and burglary. Here's a breakdown of the key aspects of Commercial Crime insurance:

  • Comprehensive Coverage: This policy protects if you lose money or other assets because of criminal activities in your business. It addresses both first-party and third-party loss discovered.
  • First-Party Coverage: It gives coverage for loss from internal criminal activities. This could involve employee theft or embezzlement, where your company suffers direct financial harm.
  • Third-Party Coverage: If another company or entity holds your business accountable for damages caused by its illegal activities. Buying third-party coverage helps in such situations. This coverage protects your business from legal and financial liabilities arising from such claims.
  • Risk Mitigation: By buying crime policy that fits your business needs, you can reduce the risks linked to different white collar crime activities. This coverage ranges from safeguarding against traditional theft and fraud to sophisticated schemes involving computer systems and online platforms.

How Commercial Crime Insurance Works?

Commercial Crime Insurance covers crime-related losses not typically covered by standard commercial property or business policies. Here's how Commercial Crime Insurance works:

  • Availability: You can obtain Business Crime Insurance as part of an industrial package or as a standalone policy. Industrial package policies, also known as "special multi-peril insurance," encompass various policies that protect businesses from potential losses. It also includes crime, property loss, and liability.
  • Standalone Policy Option: Purchasing a Business Crime Insurance policy allows businesses to customize coverage based on specific needs. This flexibility allows businesses to choose coverage for the crimes they are most at risk for. They have ability to customize the policy to meet their specific risks, which they discover during the policy period.
  • Not Automatic Coverage: Businesses should be aware that commercial crime insurance is part of commercial business package policies only when clearly mentioned. Therefore, businesses must include it in their insurance package to ensure coverage for crime-related losses.
  • Coverage Scenarios: Business Crime Insurance offers protection in different situations. An example of theft is when an employee steals cash directly from a cash register, an act of internal stealing. Embezzlement occurs through electronic payments, a form of theft committed by employees entrusted with handling funds. Robbers may steal merchandise, referring to external individuals who engage in theft by taking physical goods from the business.

Financial loss can result from forged checks or unauthorized payment sanctions, leading to monetary setbacks for the business. Inventory may go missing during busy periods. Especially when proper record-keeping is lacking, making it challenging to trace missing items.

What is the necessity for having commercial crime insurance?

Commercial Crime Insurance is essential for various businesses, particularly those that handle financial transactions and possess sensitive client data. Here's a breakdown why you need Commercial Crime Insurance:

  • Cleaning Businesses: Cleaning companies can benefit from commercial crime insurance. Businesses often rely on custodian bonds, specifically designed to safeguard against employee theft of client property. Commercial crime coverage complements custodian bonds and provides additional financial protection in case of employee-related losses.
  • Finance and Technology Businesses: Sectors like finance and technology are especially prone to losses caused by employees because of nature of their work. Owners of finance and tech companies often choose commercial crime coverage to protect their businesses. Acknowledging the potential risks associated with employees having access to sensitive personal data.
  • Risk Management and Client Trust: If your employees deal with financial records, carry out transactions, or are responsible for valuable client property. Integrating commercial crime insurance into your risk management program is crucial. It helps mitigate financial losses and instils confidence and trust among your clients.

Who needs commercial crime insurance?

Any business organisation that deals with customer data or financial transactions would benefit from a commercial crime insurance plan. In these businesses, employees deal with sensitive financial information such as credit card numbers or Aadhaar numbers.


Theft or misuse of these details is not uncommon. Commercial crime insurance can protect business or the affected third party from any financial liabilities arising from such incidents. In particular, the following businesses may benefit from commercial crime insurance:

  • Financial service providers
  • Technology businesses such as e-stores
  • Human resources supply companies
  • Outsourcing service providers
  • Businesses in these domains can find commercial crime insurance a necessary layer of protection against employee felonies.

What is the cost associated with commercial crime insurance?

The cost of Commercial Crime Insurance can vary depending on several factors. However, here are some key considerations that can affect the cost:

  • Amount of Coverage or Bond Size: The total coverage amounts, or bond size plays a significant role in determining the cost of commercial crime insurance. Generally, higher coverage limits or larger bond amounts will result in higher premiums.
  • Deductible: The presence of a deductible can influence the cost of the insurance. A deductible is the amount the insured business is responsible for paying before the insurance coverage kicks in. Typically, higher deductibles can lead to lower premiums.
  • Personal and Financial Information Handled: The type of personal and financial data your business deals with can affect the price of commercial crime insurance. Handling highly sensitive information like credit card numbers or Social Security numbers in your business. Perceiving it as higher risk may result in charging a higher premium.
  • Number of Employees with Access to Sensitive Information: The greater the number of employees with access to sensitive data, the higher the risk of possible internal fraud. Insurers take this into account when calculating the cost of commercial crime insurance. As a larger group of employees with access to sensitive information can raise the business's risk level.
  • Credit Rating: Your business's credit rating can also influence the cost of commercial crime insurance. A higher credit rating demonstrates financial stability and responsibility, potentially resulting in more favourable premium rates.

Impact of Business Crime Insurance

The impact of business crime insurance must be balanced. With fraud and abuse costing U.S. organizations over $400 billion annually, it is a liability no company can ignore. Smaller businesses are at higher risk of business crimes. Because they have fewer resources and closer connections with employees than larger companies.


According to Association of Certified Fraud Examiners (ACFE), each employee causes businesses an average loss of $9 per day. Smaller companies, which may not have the money to handle such losses. They are more negatively affected by this burden compared to larger corporations.


Moreover, as technology advances rapidly, it opens new avenues for fraudulent activities targeting small business owners. Whether perpetrated by employees or external actors, these crimes pose a significant threat. This is particularly applicable to businesses that deal with cash transactions. Else run online payment systems using credit cards or other payment methods.


Thankfully, business crime insurance offers a safeguard for businesses of all sizes. It protects their assets, operations, and reputation from the detrimental effects of criminal activities. Notably, such commercial crime insurance policies often difference between losses incurred on business premises and that occur off-property. It provides tailored coverage limits for each scenario.

What are the coverage details of commercial crime insurance?

Commercial crime insurance covers a range of dishonest acts, digital crimes, and trade secrets theft that can jeopardize businesses. In addition, this insurance safeguards against common misconduct such as petty theft, funds transfer fraud, consequential losses, and burglary.


However, with the rapid advancement of the digital landscape, commercial crime insurance has adapted to address emerging threats. It now extends its protection to encompass digital crime. As well as theft of valuable business information, money, or property perpetrated by hackers or deceitful individuals.


Furthermore, this comprehensive insurance also includes acts of forgery, counterfeiting, and personation that can harm a business significantly. Commercial crime insurance protects from malicious activities in a connected technology-driven world.


In essence, commercial crime insurance goes beyond traditional forms of crime by encompassing digital risks. It provides businesses with peace of mind and financial protection necessary to navigate evolving landscape of fraud and deception. Moreover, this coverage, businesses can focus on their operations, knowing they have a robust defence against various criminal activities.

What exclusions are present in commercial crime insurance coverage?

Understanding the limitations of commercial crime insurance is essential to ensure comprehensive coverage for your business. While this insurance provides crucial protection against various forms of crime, it's important to be aware of its exclusions. Here are some common exclusions you should be aware of:

  • Loss of Income: Commercial crime insurance typically does not cover direct loss of income resulting from criminal activities. Instead, it primarily focuses on physical loss or damage to property and assets.
  • Indirect Losses: Standard crime policies typically exclude indirect losses, such as business interruption or damage to reputation resulting from a crime. Other insurance policies may cover these types of losses.
  • Crimes Committed by Executives: Crime insurance coverage often excludes crimes committed by executives, including embezzlement or fraudulent activities carried out by top-level management.
  • Crimes Committed by Business Partners: Standard commercial crime insurance policies may not cover crimes committed by business partners, such as fraud or theft.
  • Exposures Covered by Other Policies: Commercial crime insurance may exclude certain exposures already covered by other insurance policies, such as professional liability or data breach insurance.

How to Buy or Renew Commercial Crime Insurance Online from SecureNow?

To conveniently purchase or renew online crime insurance from SecureNow, you can follow these simple steps:

  • Research and Gather Information: Begin by understanding your business's unique needs and risk profile. Consider any industry-specific requirements that may affect your coverage needs.
  • Identify Industry-specific Coverage: Different industries may have specific coverage requirements for commercial crime insurance. Identify the coverage elements that are essential for your business.
  • Visit the SecureNow Website: Open your web browser and go to the website of SecureNow. Look for the commercial crime insurance section on their platform.
  • Fill Out the Online Application Form: Accurately complete the online application form by providing the required information. This may include details about your business, desired coverage, and prior insurance history.
  • Review Policy Details and Coverage Terms: Carefully review the terms, conditions, coverage limits, deductibles offered by different insurance providers. Ensure that they align with your business's requirements.
  • Make a Secure Payment: Once you have selected the desired policy, proceed to the payment section. SecureNow's online platform ensures secure transactions through encryption technology.
  • Receive Policy Documents via Email: After completing the payment, you will receive the policy documents via email. Keep these documents in a safe place for future reference and easy access.

Following these steps, you can conveniently purchase or renew your online commercial crime insurance from SecureNow. Their user-friendly platform and secure payment system make the process efficient and reliable.

Frequently Asked Questions

Commercial Crime Insurance serves as a safeguard for businesses. Shielding them from the detrimental effects of unlawful acts carried out by either their own employees or external parties. This insurance policy offers comprehensive coverage for a wide range of criminal activities, including theft, fraud, forgery, property damage embezzlement, and computer-related crimes.

When businesses get this useful protection. They can recover their losses and handle the financial impact of illegal actions effectively.
Commercial Crime Insurance, commonly referred to as "Fidelity Insurance”. This is a versatile form of insurance designed to shield businesses from the detrimental impacts of criminal activities. People often use the terms Commercial Crime Insurance and Fidelity Insurance exchangeable to refer to insurance policies. It provides protection against financial losses resulting from illicit acts.
Factors such as the nature of the business determine the required insurance limit for a commercial crime policy. Size and assets at risk also influence the insurance limit, tailoring coverage to the specific needs of the business. Potential exposure to different types of crimes is a crucial consideration when establishing the appropriate insurance limit. Additionally, the financial impact of potential losses is a key factor in determining the necessary coverage level.

Businesses must carefully assess these elements to ensure their commercial crime policy provides protection against various risks and losses. Conduct a comprehensive risk assessment and consult an insurance professional to determine an appropriate coverage limit.

Insuropedia

What is the Importance of a Commercial Crime Insurance Policy?

A Commercial Crime insurance plays an important role in the smooth functioning of business by covering its various assets against a series of acts of dishonesty, theft or fraud of the employee and third-parties. No matter how trustworthy your employees are (or seem to be), it’s more the senior staff and your most reliable workers who are involved in fraudulent activities...
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What Is the Application Of Commercial Crime Insurance?

Commercial Crime insurance policy covers losses to a business organization due to criminal activities. These activities include employee dishonesty, theft, embezzlement, fraudulent fund transfers, computer fraud, and forgery. An insured can protect his business with the help of a Commercial Crime insurance policy through the following ways...
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What are the additional costs under Commercial Crime insurance?

A Commercial Crime insurance policy provides different kinds of protections against Commercial Crimes like employee dishonesty, forgery or alteration coverage, computer fraud, funds transfer fraud coverage etc. This policy protects a business owner or an employer against any such dishonest acts.

In the event of any such Commercial Crime...

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