Commercial Crime Insurance Coverage
The more successful your company, the more it may attract the attention of dishonest people — whether employees, associates or outsiders.
Farmers® agents are small business owners, too, and understand the challenges of protecting your company from people with negative intent. They can show you insurance coverage options to help address a variety of risks like these — low-tech and high-tech
Here are just a few ways you can personalize a Farmers policy to help manage typical risks:
Employee dishonesty
Risk:
While reviewing bank statements from the last few months, you discover someone wrote checks worth thousands of dollars to a vendor you don’t use.
Coverage:
Employee dishonesty coverage can help if employees steal from your company — whether on their own or with the help of outsiders.
Property damage
Risk:
A fire destroys several important documents — and there aren’t any copies from which their data can be retrieved.
Coverage:
Valuable papers and records coverage can help with the expense of recreating important documents.
Theft
Risk:
Your deposit bag is stolen from a messenger on her way to the bank — and contains more cash than usual because it’s your company’s busiest time of the year.
Coverage:
Money and securities theft (external) coverage can help if money and securities are stolen while they’re in the care of anyone covered by your policy.
Counterfeit currency
Risk:
You accept what appears to be a perfectly legitimate money order. A few days later, your bank tells you it was counterfeit and immediately debits your account.
Coverage:
Money order and counterfeit paper currency coverage can help if you accept counterfeit bills or money orders as payment.
Forgeries
Risk:
Although addressed to your business, a batch of newly printed checks are delivered to someone else — who uses several of your checks to pay for expensive electronic equipment.
Coverage:
Forgery and alteration coverage can help when checks are fraudulently written, altered or signed.
Data breaches
Risk:
A hacker gains access to your computer system and steals your customers’ credit and debit card information.
Coverage:
Cyber liability and data breach response coverage can help you investigate a breach and manage negative effects on your company’s reputation. It also helps you notify consumers and provide them with credit monitoring service for a period.
Some popular business insurance options
Crime coverage is just one component in a full menu of business insurance options available from Farmers. Your agent can also discuss coverage options for other possible risks like:
| Risk: | Coverage: |
|---|---|
| A client is at your office for a meeting when he trips on a carpeting seam and sprains his wrist in the fall. | Business liability insurance can help with medical and legal costs, and damages resulting from lawsuits if you’re legally liable for an injury on your premises. |
| Your shop must close for several weeks to repair damage from a fire — you aren’t able to earn business income until you open again. | Business income coverage can help when a covered event interrupts your company’s income. |
| While making deliveries in a company van, your employee causes a collision injuring the leadership team of a technology start-up. The limits of your commercial auto policy won’t cover their salaries while they recuperate. | Business umbrella coverage can help by adding an extra layer of liability coverage. It begins when the limits of an underlying liability policy are reached, and can be purchased in $1 million increments up to $10 million. |
Farmers works to build strong customer relationships
Farmers has spent 90 years putting customers first. Are you shopping for coverage, or do you have a question about your policy? Maybe you’re ready for a commercial crime insurance quote. Be sure to let a Farmers agent deliver personalized service and support.
You’ll experience a similar level of care from our knowledgeable claims representatives, who will provide assistance as quickly as possible.
