Commercial Crime Insurance covers you from loss of property by
robbery, burglary or theft. It can be written as part of a package policy or as a stand alone policy.
Crime Definitions:
Robbery -
Taking property by violence or the threat of violence.
Burglary - Breaking and entering or breaking and exiting in order to
steal property. Burglary policies require visible evidence of forced entry or exit and usually require that no employees
be present at the time, with the exception of a night watchman.
Theft - This covers stealing in general and can include both robbery and
burglary, but usually excludes employee dishonesty and mysterious disappearance.
Mysterious Disappearance - When property disappears without explanation.
Discovery Period - Losses under crime coverage must be discovered within
one year of the policy expiration date.
Commercial
Crime Insurance must include one or more coverage forms.
Employee Dishonesty Form -
The loss must be a financial loss caused by an employee's dishonest act. You have the option to name specific employees, specific
job positions or blanket coverage for when it is not known who was guilty.
Theft, Disappearance and Destruction Form -
This covers money and securities and includes perils such as fire, flood and windstorm. It does not cover employee dishonesty.
You can choose coverage for inside your business premises or outside your business premises.
Robbery and Safe Burglary Form -
This covers losses by robbery or attempted robbery of property owned by you or property under your care.
Premises Burglary Form -
This covers loss of any property other than money or securities due to burglary. It also covers property damage caused by
the burglary.
Other Crime Coverages -- You can also protect your business against
the crimes of forgery or alteration -- computer fraud -- extortion -- premises theft and robbery outside the premises
-- lessees of safe deposit boxes -- securities deposited with others -- and more.
Talk with us about your needs. We'll help you determine the best
package policy or stand alone policies that will fit your business needs.
How May We Help You?
The agents in the Commercial Division at McGhee Insurance Agency have
been trained to help you get the best coverage at the best price for your business. For more information, please call our commercial
office.
(501) 224-6666 or 1-888-214-3149 |
