What do You Need in a Crime Insurance Policy?


If you’re a new business owner, issues like insurance can oftentimes be more than a little challenging until you get a grip on what the options mean and how they impact your business. This is doubly true for investing in a crime insurance policy. While this protection is obviously important, knowing what you need and don’t need can be tricky, especially when you’re working with the limited cash flow that so often accompanies sprouting businesses. Therefore, knowing a bit about what to look for before beginning the process can be helpful. When you start your search, keep an eye out for:

  • A crime insurance policy that guards against employee theft and dishonesty. It’s estimated that the average business loses around 6 percent of their overall annual revenue to these issues, a figure that can be catastrophic for new small businesses.
  • A company that offers to come in and assess your business’s security needs. This gives the professionals the opportunity to assess your needs and create a custom plan for your business.
  • Look for a company that offers a wide variety of protection types, ranging from employee theft to computer fraud to ensure you’re entirely covered.

While there are several other aspects to consider when selecting which company to get your crime insurance policy from, these criteria serve as an excellent starting point for most business owners.