Does Crime Insurance cover embezzlement?
Yes; one of the key coverages under a comprehensive Crime Insurance policy is to cover internal crime committed by employees. In some instances, the embezzlement could occur over an extended period of time and may not be discovered until that employee is away from the business or has moved on.
What does Crime Insurance cover?
A comprehensive policy is essential to protect company assets today and in the future. Crime insurance can be covered under a stand-alone policy and/or as part of a Management Liability policy.
A crime policy will include coverage such as: