What is commercial crime insurance?

Quick answer: Commercial crime insurance protects a business against employee theft, forgery, computer fraud, and other dishonest acts.

Commercial crime insurance protects a business against financial losses caused by dishonest acts. The most common cause of loss is employee theft (often the largest single risk for small and mid-size businesses), but the coverage also extends to forgery, robbery, burglary, computer fraud, funds transfer fraud, and counterfeit currency. Standard business property and general liability policies do NOT cover these exposures, which is why crime coverage is purchased separately.