Crime Bonds & Insurance
Business crime insurance is a type of insurance policy that a business can buy to protect itself from losses from business-related crime. Protection through the policy can cover cash, assets, merchandise or other property loss when someone perpetrates fraud, embezzlement, forgery, misrepresentation, robbery, theft or any other type of business-related crime on the company.
Employee Theft & Dishonesty
This coverage protects you, the business owner, from financial loss due to employee theft of money, securities, or property. It is also referred to sometimes as an employee dishonesty bond, a fidelity bond, or crime fidelity insurance.
Unfortunately, employee fraud is a major problem for US businesses today. In fact, one resource estimates that up to 7% of all company revenues are lost each year due to fraud. Another source tells us that 80% of all workplace crime is committed by employees. The sad thing is that this doesn't look like it will be going away any time soon. So as a business owner where does that leave you?
Even with your best efforts to protect your business, you are at risk to:
- Petty Cash "Borrowing"
- Embezzlement
- Check Tampering
- Employee Shoplifting
- Phony Invoices and Receipts
Business Services Bond or Third Party Crime Insurance
We offer third party crime bonds for when your employee steals from a client of the business. Enterprises such as janitorial, home health care aids/providers, and security guards are the most common industries ask to carry these bonds.
Contact Reno Insurance Agency today to find out how we can help you find the coverage you need.
