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Crime Insurance Products

Compare 115 products offered for Crime Insurance from 53 companies including Axis Capital, Vantage Insurance Services Ltd, and Sompo International.

Our Insurance Comparison Tool allows you to pick the best Crime Liability policy by comparing every plan offered by Canada's leading insurance providers. The Frequently Asked Questions can help you see if this coverage area is right for you.

Compare Crime Insurance Policies

Products 1 to 10 of 115
Product name Max Coverage Min Premium Exclusions
CorporateGuard - Comprehensive Crime by AIG Max Coverage CA$20M Min Premium N/A
  • loss discovered outside the policy period
  • unauthorised transactions
  • war and terrorism


more details
Elite Commercial Crime by Chubb Max Coverage GBP50K Min Premium N/A


more details
Crime and Civil Liability by ANV Global Services Max Coverage GBP10M Min Premium N/A


more details
Comprehensive Crime by Validus Holdings Ltd Max Coverage GBP10M Min Premium N/A


more details
Financial Institution / Crime - Commercial Crime / Fidelity by Newline Group Max Coverage GBP10M Min Premium N/A
  • US cover


more details
Financial Institution / Crime - Bankers Blanket Bonds by Newline Group Max Coverage GBP10M Min Premium N/A
  • US cover


more details
Commercial Crime and Fraud by AXA XL Max Coverage US$25M Min Premium N/A


more details
Commercial Crime by QBE Underwriting Ltd Max Coverage N/A Min Premium N/A


more details
Crime / Fidelity by Ironshore Max Coverage N/A Min Premium N/A


more details
Crime Liability by Navigators Max Coverage US$25M Min Premium N/A


more details

 

Frequently Asked Questions

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What Is Crime Insurance?

Also known as Commercial Crime, Employee Dishonesty or Employee Infidelity, Crime insurance covers businesses and organizations from financial losses incurred from various acts of theft, forgery, and fraudulent activities.

Additionally, Crime insurance can also provide protection in the event of a non-material loss that cannot be replaced – confidential business information, or records stored on a stolen business computer.

Who Needs Crime Insurance?

Any company that has employees handling confidential and financial information should purchase Crime insurance, especially as criminal acts from employees, vendors or third parties are not necessarily covered by a Commercial General Liability insurance policy.

While a business of any size would benefit from a Crime insurance policy, small businesses are particularly at risk as they may lack the security and resources of larger firms.

What Does Crime Insurance Cover?

Crime insurance provides cover for employee fraud, dishonesty and fraudulent acts committed by third parties.

Particular fraudulent acts covered include
  • employee theft and/or dishonesty
  • theft of clients’ property
  • vendor theft
  • forgery and/or alterations
  • money and securities
  • counterfeit currency
  • identity fraud
  • telephone toll fraud
  • social engineering
  • third party computer and funds transfer fraud
  • payments of loss investigation fees

What Is Not Included In Crime Insurance?

Unlike most other insurance policies, Crime insurance is designed to cover gaps such as intentional and illegal acts – as long as they are performed by an employee of the company in a financial capacity and not the policyholder.

In the context of Crime insurance, ‘crime’ refers to theft and forgery, rather than workplace acts of violence. Some Crime insurance packages may include things such as Kidnap and Ransom, but generally non-material losses caused by external events like war or destruction by the authorities are not included.

How Much Does Crime Insurance Cost?

A Crime insurance policy will be calculated depending on the following:
  • size of the company
  • number of employees
  • company revenue
  • security systems
  • valuable contents

A fidelity bond to cover a criminal act will be determined by how much a company can afford to lose.

We spoke to Patrick Bourk, National Practice Leader at Integro, about when it would be appropriate for a company to have a stand-alone Crime package.