{"id":1543,"date":"2017-08-28T09:24:03","date_gmt":"2017-08-28T09:24:03","guid":{"rendered":"https:\/\/pamstaging.securenow.in\/insuropedia\/?p=1543"},"modified":"2026-02-08T06:19:11","modified_gmt":"2026-02-08T06:19:11","slug":"additional-costs-commercial-crime-insurance","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/additional-costs-commercial-crime-insurance\/","title":{"rendered":"What are the additional costs under commercial crime insurance?"},"content":{"rendered":"
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A commercial crime insurance policy<\/a> 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.<\/p>\n

In the event of any such commercial crime, it becomes the duty of the insurer to protect the insured against the loss or damages. This policy also covers for the additional costs incurred by the insured in case of any event.<\/p>\n

In general, the additional cost is the cost incurred by the insured after the waiting period of 48 hours after the event of any commercial crime as listed in the policy document. Typically, businesses account for these costs beyond their regular operational expenses. Additional costs are vital for the restoration of the business to its normal course of continuity or operations.<\/p>\n

It is the duty of the insured to inform the insurers or the insurance company for any additional cost sustained as a result of any criminal act. The insured must discover any additional costs during the insurance period or the discovery period and promptly notify them.<\/p>\n

Following are the examples of the additional cost incurred by the insured in case of a commercial crime insurance<\/strong><\/a>:<\/strong><\/h2>\n