Any insurance policy needs to be reviewed thoroughly so that you know exactly what you are getting and what you are protected against. The same is true for crime insurance, and you should make sure you have coverages against the crimes that pose the greatest risk for your company.
Alteration and Forgery
If your business regularly uses checks, you should ensure you are protected against people using your personal checks for their own gain. Alteration is another risk where a person changes the amount you wrote on a check.
Most employees are trustworthy and will benefit your organization greatly, but if you hire someone who ends up stealing something, either goods or money, then you could suffer some big losses. You may not even discover that something has been taken for months or even years. Having a good insurance policy can allow you to recover some or all of what was stolen.
Some of the other crimes you should look into getting include:
- Destruction of securities or money
- Identity theft
- Counterfeit money
- Computer fraud
There are numerous insurance companies out there that can help you get the crime insurance policy that works best for you. Rates and coverages will vary from one company to the next, so look at the policy you are getting carefully before signing so that you know exactly what you will get in the event of a criminal offense.