A crime insurance policy that is designed to meet the needs of organizations other than financial institutions (such as banks). This policy would cover a business who had the potential to have assetts or money stolen by a client or employee.
Sometimes a crime policy is also called a fidelity insurance policy or a fidelity bond.
Parts of a Crime Policy:
What to avoid in a Crime Policy:
A Conviction Clause would make the policy payable only if someone is convicted of a crime. Crimes are prosecuted by attorneys and the carrier and the client have little control over who would be prosecuted.
Do you need a Crime Policy?
Let one of our Client Advisors review your coverages. Email firstname.lastname@example.org or call 410-835-2000.
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