What does Crime Insurance typically cover?
Crime Insurance covers a broad array of policy forms that can be separates into three sub-categories
1st Party Coverages
Purchased by commercial and non-profit organizations to protect against employee dishonesty, burglary, robbery, forgery, and similar crime exposures specific to their operations.
Financial Institutions Bonds
Purchased by community banks, insurance companies, investment companies, and other financial institutions to protect against employee dishonesty, burglary, robbery, forgery, and similar crime exposures specific to the operations of various financial institutions.
Kidnap, Ransom & Extortion
Covers business organizations for the risks associated with international travel by their employees. Coverage affords coverage for expenses related to the safe return of the kidnapping victim, ransom payments, and security consultants.
CoverageXpert’s Database Highlights
Crime-related coverage forms (sample wordings) from top-rated insurers
of coverage enhancements to help you build a coverage checklist
Applicable Business Classes