Commercial Crime Insurance in Texas

Employee Theft

Certain coverage may help address covered losses caused by dishonest acts committed by an employee.

Forgery & Alteration

Coverage may be available for certain losses involving forged or altered checks, documents or other financial instruments.

Robbery & Safe Burglary

Depending on the policy, businesses may have coverage for certain covered losses resulting from robbery or safe burglary.

Money & Securities

Certain policies can provide coverage for covered losses involving money, securities and other specified property.

Computer & Cyber Crime

Some commercial crime policies can address certain computer or cyber crime exposures. Coverage details vary significantly by policy.

Other Crime Exposures

Depending on the business and policy, additional crime-related coverage options may be available.

Business Crime Protection

Your Business Doesn’t Have to Look Risky to Have Crime Exposure

A business can have strong locks, cameras and accounting procedures and still face financial losses from fraud or theft.

Crime losses can happen through financial transactions, employee access, physical property, checks, electronic systems and other areas of normal business operations.

Commercial crime insurance provides another layer of financial protection for certain covered losses.

A Simple Example

Imagine an employee has access to company funds and improperly takes money over time. The business discovers the loss during an internal review.

If the policy includes applicable employee theft coverage and the loss meets the policy requirements, the coverage may help address the covered financial loss, subject to the policy’s terms, conditions, limits and exclusions.

Retail Businesses

Businesses handling cash, inventory and customer transactions may face several types of crime exposure.

Professional Offices

Accounting, consulting and other offices may handle financial information, checks and electronic transactions.

Contractors

Businesses with employees, equipment, purchasing accounts and multiple job locations may have unique crime exposures.

Property & Management

Property managers and other businesses handling funds or financial transactions may have additional exposures.

Restaurants

Businesses handling cash, inventory, payroll and multiple financial transactions may benefit from reviewing crime coverage.

Growing Businesses

As a company adds employees, locations, systems and financial responsibilities, its crime exposures can change.

Employee Dishonesty

Unauthorized taking or misuse of business property or funds by an employee may create a significant financial loss.

Fraudulent Transactions

Businesses may face losses involving fraudulent financial transactions or other covered criminal activity.

Forgery

Checks, financial documents and other instruments can create exposure to forgery or alteration.

Theft

Physical theft, robbery and other covered criminal acts can result in financial losses for a business.

Independent Approach

We work with multiple insurance carriers and focus on matching coverage to your situation.

Personal Service

You get a person who can discuss your questions instead of trying to figure everything out alone.

Texas Businesses

We help businesses review commercial insurance options throughout Texas.

What is commercial crime insurance?

Commercial crime insurance is designed to provide coverage for certain financial losses resulting from covered criminal acts. Depending on the policy, this may include employee theft, forgery, robbery, safe burglary and other crime exposures.

Does general liability cover employee theft?

General liability and commercial crime insurance address different types of risks. Employee theft is generally a crime exposure rather than a standard general liability exposure, so businesses should review whether appropriate crime coverage is included in their insurance program.

Is employee dishonesty the same as commercial crime insurance?

Employee dishonesty is one type of crime coverage. A commercial crime policy may include employee dishonesty along with other available crime coverages, depending on the policy.

Does commercial crime insurance cover cyber crime?

Some commercial crime policies can include certain cyber crime exposures, but cyber insurance may address additional risks. The specific coverage depends on the policy and insurer.

Does every business need commercial crime insurance?

Crime exposure varies by business. Companies that handle cash, financial transactions, inventory, valuable property or employee-controlled funds may want to evaluate whether crime coverage makes sense for their operation.

How much commercial crime insurance do I need?

The appropriate limit depends on factors such as the type of business, financial transactions, employee access, assets, locations and potential loss scenarios. Lavon Insurance can help you review your exposures and available options.