What Is Commercial Crime Insurance?
Commercial crime insurance is a type of policy that protects organizations against financial losses caused by criminal activity. This type of insurance can help businesses recover from embezzlement, misrepresentation, computer fraud, theft, and other types of crime-related losses. Farmers Insurance - Young Douglas offers a variety of commercial crime policies tailored to meet the specific needs of different businesses.
What Does Commercial Crime Insurance Cover?
Farmers Insurance - Young Douglas' commercial crime policies cover three distinct areas: employee dishonesty, forgery or alteration, and money transfers. Employee dishonesty coverage helps protect your business from theft or fraud committed by an employee or other agent on behalf of your company. Forgery or alteration covers the costs associated with counterfeit documents changed to defraud your business. Money transfers provide coverage for theft or misuse of funds wired electronically from your business into another account.
Types Of Losses Covered By Commercial Crime Policies?
In addition to protecting against losses related to criminal activities and employee dishonesty, Farmers Insurance - Young Douglas' commercial crime policies also offer protection against cyber-related crimes such as data breaches, cyber extortion demands, and unauthorized access to computers and other electronic systems. Depending on the policy you choose, this coverage may extend beyond your physical premises and include the financial loss incurred while conducting business online.
Why Do I Need Commercial Crime Insurance?
No matter what type of business you operate—from retail outlets to high-end professional services—commercial crime insurance can be important in providing you with peace of mind when it comes to potential financial loss due to criminal actions. It’s especially important if you handle large amounts of cash or keep expensive equipment stored on your premises; if a burglary did occur at some point it could cost you hundreds or thousands of dollars unless you have adequate coverage in place through Farmers Insurance - Young Douglas.
How Can I Get Started With Commercial Crime Coverage?
Farmers Insurance - Young Douglas provides a variety of custom-tailored options for commercial crime insurance coverage that can be tailored depending on the size and nature of the operation being covered and their specific risk exposure profile. To get started with getting an affordable commercial crime policy from us today simply call us at (909) 303-3722 during business hours and one of our agents will be happy to answer any questions you may have as well as provide step by step instructions every step along the way in setting up a plan that fits both your current budget needs as well as foreseeable security threats going forward!