Does Commercial Property Cover Employee Theft?

Usually not. Standard commercial property does not generally cover employee theft; Texas’s insurance department lists employee dishonesty as a separate crime coverage. Property insurance may cover physical damage to insured assets from specified causes, but it should not be assumed to reimburse stolen money, inventory, or funds taken by an employee. Crime forms have their own definitions, discovery or loss-sustained triggers, exclusions, and limits.

Look for employee dishonesty, employee theft, or crime coverage in the quote and read who counts as an employee, what property is covered, and how losses are discovered and reported. Check sublimits, deductible, prior-acts provisions, and controls required by the insurer.