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What Is Crime Insurance?

Crime insurance can help reimburse specified business losses from theft and fraud, including employee theft and forgery. Compare those protections separately and ask whether a payment sent after an impersonation scam is covered.

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What Does Crime Insurance Cover?

An employee may take inventory over time, while a fraudster may redirect a payment in one transfer; check how the quote treats each loss. 2,3 4

Different Ways Money or Property Can Be Lost

Compare whether your quote covers employee theft, forgery, money on your premises or in transit, and computer or funds-transfer fraud. 2,3
ExposureAsk the insurer
Employee theftWho counts as an employee, and what employee-theft limit applies?
ForgeryWhich forgery losses are covered, and what limit applies?
Money at a location or in transitWhat protection applies to money at your premises and in transit?
Computer or funds-transfer fraudWhich fraud losses are covered, and under what circumstances?

Payments Induced by an Impersonator

Ask whether the quote covers a payment your employee sends after an impersonator tricks them. 4

Who Needs Crime Insurance?

If employees or other people handle your business’s money, inventory or client property, a theft or payment scam can disrupt your operations. 6 6

Crime Insurance Coverage Examples

What happened

A Fake Supplier Email Redirects a Payment

An email appears to come from your supplier. Your finance team follows its instructions and pays a fraudster's account.

How coverage may help

This is a social-engineering loss. It needs explicit attention in the quote because computer-fraud or funds-transfer coverage may not cover a payment an employee was tricked into authorizing. 1,4,2,3

What happened

You Discover Months of Employee Theft

A bank reconciliation reveals that an employee has been taking money for months.

How coverage may help

Employee-theft coverage may help recover the loss. Discovery dates and reporting deadlines matter, and the policy may group the thefts under one loss limit. 1,2,3

What Exclusions and Conditions Should You Check in Crime Insurance?

People and Property

Check who counts as an employee and what counts as insured property, especially for contractors, volunteers and client assets. 3

Limits and Related Losses

Compare each limit and retention, and ask whether repeated related thefts count as one loss. 3

Discovery and Reporting

A theft can happen months before anyone notices. Keep three dates in view: when the money was taken, when you discovered the loss and when you reported it. If you changed insurers in between, have the broker explain how both policies' discovery and reporting terms apply. 3

Other Losses and Evidence of a Shortage

Ask whether the quote addresses lost income, indirect losses and shortages supported only by inventory calculations. 3

How Does Crime Insurance Differ From Cyber Coverage?

Compare crime coverage for stolen money or property with cyber coverage for breach response and liability, and check where fraud protection overlaps. 1,5

What Do You Need for Crime Insurance Quotes?

Exposures and Loss History

Prepare employee and location counts, the money or property at risk, requested limits and prior loss details. 6

Financial and Payment Controls

Be ready to explain your bank reconciliations, separation of payment duties, approval process and audit findings. 6 Describe how you confirm vendor bank-detail changes, authenticate transfer requests and train staff to spot payment fraud. 7
PrepareHow to use it in the discussion
Employee and location countsDescribe the operation being quoted
Money and property exposed to lossExplain what you want insured and the limits you are considering
Prior loss detailsAsk what history and supporting information the application needs
Reconciliation, payment approval and audit practicesExplain how financial responsibilities are divided and checked
Vendor-detail and transfer-request checksDescribe how staff confirm that a payment instruction is authentic
Staff payment-fraud trainingExplain the procedures employees are expected to follow
6 6 7

Crime Insurance: Key Terms in Plain English

Social Engineering

A payment-fraud scenario in which an impersonator tricks an employee into sending money. Ask about this explicitly. 4

Discovery

When a theft comes to light, which can be different from when it happened. Both dates matter to the coverage review. 3

Frequently Asked Questions About Crime Insurance

Is Crime Insurance the Same as Cyber?

No. Crime protection concerns specified theft and fraud losses. Cyber protection concerns breach response and liability, though some fraud protection can overlap. 1,5

What if a Theft Happened Before I Discovered It?

The loss and discovery dates both need checking, along with the reporting deadline. This is particularly important if you changed insurers between the theft and its discovery. 3

Does Crime Insurance Cover a Fake Vendor Payment Request?

Check the social-engineering terms specifically. An employee sending money after being tricked by an impersonator needs its own coverage review; a crime policy title alone does not establish protection. 4

Does Crime Insurance Include Employee Theft?

Employee theft is one protection to check in a crime quote. Review it separately from forgery, money on the premises or in transit, and computer or funds-transfer fraud to see which protections you are buying. 2,3

What Coverage Is Related to Crime Insurance?

  • What Is Cyber Insurance?

    Cyber insurance can help pay covered response costs and claims against your business after a cyber incident. If your business relies on data, software or outside providers, compare response limits, vendor outages and approval rules.

  • What Are Fidelity Bonds?

    Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest.

  • What Is Kidnap and Ransom Insurance?

    Kidnap and ransom insurance provides financial protection for specified kidnapping and extortion events and gives the business access to a crisis-response firm. Check who is insured, which events are named, and how territory and sanctions terms apply to your actual travel.

Crime Insurance Guides by State

Which Insurance Providers Offer Crime Insurance?

  • AIG

    AIG Crime Insurance / CrimeGuard Choice

  • Alliance Risk

    Alliance Risk arranges crime insurance.

  • Amelia Risk

    Amelia Risk arranges employee crime (fidelity) insurance.

  • Aon

    Aon lists crime within its global Professional Services Practice for law, accounting and consulting firms; U.S. availability and specific policy terms are not established.

  • Beazley

    Beazley offers commercial crime insurance.

  • Berkshire Hathaway Specialty Insurance

    BHSI lists Commercial Crime within its Executive First Private Company Portfolio’s comprehensive form, alongside D&O, employment-practices, fiduciary and employed-lawyer coverages. The page targets private companies with at least $10 million in revenue; portfolio limits up to $50 million may be shared or separate and are not a crime-specific limit. Crime coverage is distinct from fidelity bonds.

  • CFC

    CFC offers crime in its US management-liability package for eligible organizations outside California, excluding US publicly traded companies.

  • Chubb

    Chubb offers crime coverage within its ForeFront portfolio for private, nonprofit and health care organizations.

  • CNA

    named Management Liability coverage and configurable Epack 3 component

  • Coalition

    Coalition offers crime insurance through its executive-risks product for private and nonprofit US organizations.

  • Corgi

    Corgi lists crime insurance among its main policies.

  • Counterpart

    Named Commercial Crime product; confirm agreements, controls, limits and exclusions in the policy.

  • Coverdash

    Coverdash lists crime coverage in its catalog and invites quote requests.

  • Cowbell

    Cowbell offers a crime module in Zurich Select Plus for small and medium private companies, available through appointed Zurich E&S wholesalers.

  • Embroker

    Embroker lists commercial crime and offers a corresponding quote path.

  • Founder Shield

    Founder Shield lists crime insurance among its core offerings.

  • Foxquilt

    Foxquilt has a Crime Insurance product page, which says crime can be a BOP add-on or an isolated policy; the ConvertLabs cleaner program also lists Crime/Bonds but describes crime only. No bond product is inferred.

  • Gallagher

    Gallagher arranges crime insurance.

  • Heffernan Insurance Brokers

    Heffernan arranges crime insurance.

  • HUB International

    HUB International arranges commercial crime insurance.

  • Liberty Mutual

    A group brand spanning personal and commercial insurance businesses; its business unit pages describe small-commercial cover for small businesses and commercial, specialty, surety, and reinsurance solutions for mid-size and large businesses.

  • Lockton

    Lockton arranges commercial crime insurance.

  • Markel Insurance

    Markel Cyber 360 eCrime component (standalone product not established)

  • Marsh

    Marsh McLennan Agency (MMA), a Marsh business, arranges commercial crime insurance.

  • Marsh McLennan Agency

    Business insurance and employee health and benefits, with retirement, wealth, and private-client services also listed for the United States and Canada.

  • Nationwide

    Nationwide markets commercial crime insurance and management-liability crime products; exact insuring agreements and fidelity form are not established here.

  • Newfront

    As of September 16, 2026, Newfront lists fidelity and crime within its executive-risk services.

  • Relm Insurance

    Relm lists crime insurance for placement through brokers.

  • RiskCube

    RiskCube arranges commercial crime insurance for startups.

  • StartupInsurance.ai

    StartupInsurance.ai arranges commercial crime insurance for startups.

  • The Baldwin Group

    Listed as commercial crime or crime/fidelity within specified sectors.

  • The Hartford

    The Hartford offers crime insurance as a management-liability coverage option.

  • Travelers

    Travelers offers commercial crime insurance.

  • USI Insurance Services

    USI arranges crime insurance.

  • Vouch

    As of September 16, 2026, Vouch lists crime among the coverages in its technology-company programs.

  • WTW

    WTW’s 2024 annual report describes crime insurance solutions as a group capability. The filing is historical and global; current U.S. placement terms and eligibility remain unknown.

  • Zurich U.S.

    Zurich markets commercial crime insurance as standalone policies and as package solutions; package structure is distinct from any specific policy terms.

Updated .

Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. Editorial policy. To suggest a correction, contact Spot with the page URL and supporting source.

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