Business Crime Insurance
Categories: Insurance, Company Management
Business crime insurance covers losses resulting from crimes against the business. The policy might cover more simple things, like theft of inventory, but it might also cover fraud, robbery, or misrepresentation. Cash, inventory, and equipment can be covered in this policy.
Usually, these policies are sold separately from commercial insurance. If they are bundled together, they are called "special multi-peril" policies. The policies that are sold separately might be more specific to the company, but as you probably know from insurance company commercials...bundling can lower premiums.
