Commercial Crime Insurance

Get several deeply researched insurance options in less than 24 hours:

  • Cover fraud and dishonesty committed by your employee
  • Protection against loss of money and security
  • Get quotes from top insurers such as ICICI, Iffco Tokio, National and New India
  • Coverage for theft outside the premises
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Advantages of Commercial Crime Insurance

Employee Fidelity Cover
Commercial Crime insurance protects the business against the claims arising due to employee fidelity or dishonesty. For instance, the company will be covered if any of its employees steals cash from the office.
Blanket Policy
Commercial Crime policy offers coverage for all full-time and part-time employees. It also covers contractual workers and volunteers who may be vulnerable to fraud, dishonesty or theft.
Transit Cover
Losses sustained due to destruction, theft or wrongful abstraction of money and securities outside your business premises by a third party are covered by Commercial Crime Liability insurance.
Affordable Cost
Commercial Crime insurance provides coverage for a wide range of business risks at a very cost-effective price. There is also an option to include extensions to your policy to enhance your coverage.

Benefits of Commercial Crime Insurance

Wide Range of Risk Covered

  • Commercial Crime liability policy provides a wide range of coverage by protecting your business from employee dishonesty, fraud, theft, burglary, cyber fraud, robbery, forgery and losses due to these activities.
  • Financial Losses to business due to third-party fraud is also covered under this insurance.
  • The policy will also pay for the loss of money and securities in transit outside the insured's premises.

Additional Extensions Available

  • Commercial Crime insurance comes with many add-ons like computer fraud cover, in-transit cash and valuables cover, and coverage for client's expectation damages, which can be included by paying an extra premium.
  • The policy can also be extended to cover any financial loss due to cybercriminal activities committed by an employee.
  • Coverage of additional items such as expense for additional workforce, transportation of documents, rent of temporary premises and offices can be introduced.

All Legal Costs Covered

  • A Commercial Crime Liability policy indemnifies you from all investigation costs and other legal costs incurred due to loss from an employee or third party, hence protecting your business financially.
  • An expense incurred due to computer violation is also taken care of by the policy.
  • Crime losses not only cost you money but also precious time. This policy will help you focus these resources for growing your business.


Commercial Crime insurance provides comprehensive protection to businesses against theft, damage to the company's property, robbery, burglary within office premises, and fraudulent activities by the employees, part-time employees or contract workers. Computer fraud done to steal funds and securities is also covered by the policy.
Forgery cover implies that the policy will protect you in case your employee or a third party imitates any person's or authority's signature, or misuses a document or any other data in order to perform fraud or with the intent to steal. For instance, loss to the business due to cheques fraudulently drawn from your company's account can be covered under Commercial Crime policy.
In insured's legal liability coverage of Commercial Crime insurance, insurance will pay for all the financial losses resulting due to the claim made by the client for legal liability which may directly be resulted from criminal activities performed internally or externally which came across during the discovery period. This coverage is subject to some sublimit which is mentioned in the policy.
Losses due to war, strike, riots and terrorism are not covered under the policy. Consequential losses, credit risks, extortion, ransom, fines and penalties are also excluded from the policy. Some general exclusions in the policy include loss due to fire, wilful or deliberate acts resulting in claim, violent crime by any employee or organisation itself and fraud by the insured's partner.
In case of loss of securities, the actual value of securities including interest, coupon and dividend or any cash and valuables at the closing market on the last business day is considered. If there is no market price of the relevant securities, then the value is on the basis of agreed terms. In case of property other than cash equivalent, the actual value of the property will be paid.
Commercial Crime insurance will reimburse the fees and costs of consultants according to the insuring clause. If partial loss is covered under the policy, the fees of the consultant are proportionally shared by the insurer and insured. Costs of investigation and expenses incurred in making recovery are also paid by the insurance.
While filing a claim, you have to submit a duly filled claim form and provide documents such as police investigation report, internal investigation report, CCTV footage showing the corresponding incident, letter of employment or termination and records supporting the amount claimed as per the requirement of the insurance company.
While filing a claim you should make sure that you fill accurate information in the claim form and provide all the required documents to the insurer. Avoid committing any wilful or fraudulent activity which may result in a claim, otherwise your policy will become void. If you are renewing the policy, then you should make sure that the retroactive date is maintained by ensuring timely renewal.
While calculating the premium for Commercial Crime insurance, various factors are considered such as nature of the business, size of the organisation, number of employees and so on. Security measures adopted by the enterprise to secure its financial activities, including steps taken for cyber-security, are also considered while calculating the cost of the policy.
In most policies fraudulent activities related to IT are not covered. But you can cover such situations by paying a marginally extra premium. Also, reconstitution expenses resulting from computer-related criminal acts can be covered by the policy. These extensions usually come with some sublimits.
Yes, past claims do impact the premium of Commercial Crime policy. The size of past claims and their frequency is taken into consideration while calculating premium, and are directly proportional to the premium. If the past claims size is high, the premium of the policy will also increase. However, if the claim is not substantial, premium rates may remain unchanged.
We have made buying Commercial Crime insurance easy and hassle-free. You just need to fill the above form and provide basic details about your business to us. We then float your proposal to different insurance companies and negotiate quotes with them so that you can get the best deal at an affordable price. Once you finalise the option, you need to fill the proposal form and make the payment via cheque or NEFT to get the policy started.
Fidelity insurance offers protection to the business in case of claims arising out of any fraudulent activities or dishonest acts carried out by employees that result in a direct loss to the business. Commercial Crime insurance protects the business from a wide range of risks including employee fidelity, and also covers computer fraud, theft of money in transit etc. Call us to learn more about both types of policies and how they help keep you secure.
All businesses that deal in cash, online payments, cheques etc., should consider buying a Commercial Crime policy. Retail stores, accounting firms, IT companies, payroll services, financial services firms, banks, and hotels should buy this policy to protect themselves from off and on-premises financial losses.
As a business, there is always risk, regardless of the security measures you may have put in place. You may suffer losses due to employee fidelity or third party fraudulent activities. Hence to protect yourself from any such incidents and also from theft of cash and securities you should take Commercial Crime insurance cover and safeguard yourself.
Yes, startups should consider buying Commercial Crime insurance as they may be vulnerable to fraud while they are still in the process of setting up internal controls and security systems. Further, startups may have large funding inflows coming in and they may not have steady revenue streams to cushion against sudden financial shocks due to fraud or theft of cash and securities. Commercial Crime cover gives Startups a financial cushion if such an unfortunate event were to take place.


What is the Importance of a Commercial Crime Insurance Policy?

A Commercial Crime insurance plays an important role in the smooth functioning of business by covering its various assets against a series of acts of dishonesty, theft or fraud of the employee and third-parties. No matter how trustworthy your employees are (or seem to be), it’s more the senior staff and your most reliable workers who are involved in fraudulent activities...
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What Is the Application Of Commercial Crime Insurance?

Commercial Crime insurance policy covers losses to a business organization due to criminal activities. These activities include employee dishonesty, theft, embezzlement, fraudulent fund transfers, computer fraud, and forgery. An insured can protect his business with the help of a Commercial Crime insurance policy through the following ways...
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What are the additional costs under Commercial Crime insurance?

A Commercial Crime insurance policy provides different kinds of protections against Commercial Crimes like employee dishonesty, forgery or alteration coverage, computer fraud, funds transfer fraud coverage etc. This policy protects a business owner or an employer against any such dishonest acts.

In the event of any such Commercial Crime...
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