When you purchase commercial insurance in Lincoln, NE, you expect it to cover a wide range of potential risks to your business. But what about financial crimes and theft committed by your employees? Unfortunately, these are not always covered by standard commercial insurance policies. However, there are ways to get coverage for financial crimes and employee embezzlement. Brokers Insurance Agency wants you to know how to protect your business from these risks.
What Is Financial Crimes Insurance?
Standard commercial policies protect your business against employee actions, such as inventory theft or damaging property. However, for financial crimes like embezzlement, you need additional coverage. Financial crime insurance is a type of coverage that protects businesses from losses resulting from fraudulent or dishonest acts committed by employees. This can include anything from embezzlement and payroll fraud to identity theft and data breaches. Financial crime insurance can help cover the costs of investigating and prosecuting the responsible parties and any losses incurred by the business.
Do I Need Financial Crimes Insurance?
The short answer is it depends. Financial crime insurance may be wise if your business deals with large sums of money or sensitive customer information. It’s always a good idea to speak with your insurance agent to determine if this coverage is right for you.
No one in Lincoln, NE likes to think about the possibility of their employees committing fraud or theft, but it’s essential to be prepared for any eventuality. Fortunately, financial crime insurance can help protect your business from the potentially devastating effects of these types of crimes. If you’re unsure whether or not this coverage is right for you, speak with Brokers Insurance Agency for more information.