What Insurance Covers Stolen Business Money?

Commercial crime insurance can address direct losses of money, but the policy generally divides crime risks into specific coverage agreements. The California Department of Insurance describes crime protection for business assets, including money and securities, and lists robbery, burglary, larceny, forgery, and embezzlement as possible covered causes depending on what coverage was purchased. A sample crime form separately names employee theft, forgery or alteration, computer fraud, and funds-transfer fraud.

That separation matters: cash taken during a covered robbery, an altered check, a dishonest employee, and money sent from a bank account after a fraudulent instruction may trigger different definitions and limits. A customer’s funds, money held in trust, counterfeit currency, and losses caused by owners or authorized staff may receive different treatment. Do not assume a general property policy covers financial fraud just because money is business property.

For a quote, compare each relevant insuring agreement, the definition of money and securities, location or account requirements, sublimits, exclusions, waiting or discovery periods, and any required safeguards. Confirm whether investigation expenses or legal costs reduce the stated limit.