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Commercial crime insurance
What commercial crime insurance offers
Crime-related losses are not typically covered by commercial property insurance. So, you may want to consider what commercial crime insurance offers:
- Employee dishonesty coverage
- Forgery or alteration coverage
- Theft of money and securities coverage
- Burglary or robbery coverage
- Computer fraud coverage
Crime prevention tips
Money
- Make daily bank deposits, and vary your time and routes to and from the bank
- Check daily cash register receipts against your deposits to help prevent the possibility of employee dishonesty
- Immediately mark any checks received as “For Deposit Only”
Property
- Keep any rear doors locked from the outside at all times by installing panic locks. Padlocks should not be used to lock doors.
- Keep a safe on site to store small amounts of cash, important documents or other valuable items. Change the safe’s combination periodically.
- Consider installing security cameras throughout the property. All entranceways and cashier areas should be kept under surveillance.
Employees
- Conduct background checks on applicants
- Train employees on safe opening and closing procedures
- Train employees on what they should do in case of robbery. Make it clear they should never endanger themselves by trying to protect money, property or other valuable items.
Related topics & resources
Product, coverage, discounts, insurance terms, definitions, and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms, and discounts may vary by state and exclusions may apply.