A crime insurance policy that is designed to meet the needs of organizations other than financial institutions such as banks etc. Commercial crime insurance pays for any losses following employee fidelity and third party fraud.
Scope of Cover
A commercial crime policy typically provides several different types of crime coverage, such as:
employee dishonesty coverage; forgery or alteration coverage; computer fraud coverage; funds transfer fraud coverage; kidnap, ransom, or extortion coverage; money and securities coverage; and money orders and counterfeit money coverage.
