Does Commercial Property Cover Employee Theft?

Commercial property coverage and employee-dishonesty coverage address different causes of loss. Texas Department of Insurance lists employee theft among common crime coverages, separate from its commercial-property discussion. 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.