As a business owner, you trust your team and your vendors. Unfortunately, the reality of modern business is that internal theft and external financial fraud are at all-time highs. Commercial Crime Insurance protects your company from direct financial losses tied to employee dishonesty, forgery, theft, and fraud.
Cyber Insurance vs. Commercial Crime
One of the most common misconceptions is that a Cyber Insurance policy covers all digital theft. This is not true. * Cyber Insurance covers the liability and recovery costs associated with a data breach (like compromised customer records).
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Commercial Crime Insurance covers the actual loss of funds (like an employee embezzling money or a hacker tricking your accounting department into wiring funds to a fraudulent account).
What Does It Cover?
A robust Commercial Crime policy typically includes protection against:
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Employee Theft & Embezzlement: Financial losses caused by employees stealing money, securities, or physical property.
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Funds Transfer Fraud: Protection if you are manipulated into wiring money to a fraudulent account (often called social engineering or phishing fraud).
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Forgery or Alteration: Covers losses from forged outgoing checks, promissory notes, or similar financial instruments.
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Robbery and Safe Burglary: Protects cash and securities physically stolen from your premises or while in transit.
Nationwide Protection for Modern Threats
Fraud is a borderless crime. Whether your company operates in one state or across the country, Barefoot Insurance Broker offers Commercial Crime solutions in nearly every U.S. state to secure your bottom line against malicious financial attacks.
Don’t leave your finances exposed to bad actors.