---
title: 7 Key Coverages Your Crime Policy Covers
description: Every company should have crime insurance to minimize risk and ensure security. Learn about seven key coverages your crime policy covers.
---

[Blog - TSIB, Inc.](https://blog.tsibinc.com)

# [7 Key Coverages Your Crime Policy Covers](https://blog.tsibinc.com/7-key-coverages-your-crime-policy-covers)

 Written by [The TSIB Team](https://blog.tsibinc.com/author/the-tsib-team) | May 29, 2018

Commercial Crime Insurance, also known as Fidelity Insurance, is designed to protect businesses against a variety of crimes. It is important for any business that handles cash, checks, online payment systems, and credit cards to protect themselves. Below are 7 key coverages your crime policy should cover!

 

##### **1. Extortion/Ransom**

Crime of obtaining money or property by threat to a victim's property or loved ones, intimidation, or false claim of a right.

 

##### **2. Employee Dishonesty**

This includes coverage for employee theft of money, securities, or property.

 

##### **3. Forgery/ Alteration**

This is the act of making a fake document, the modification of an existing document, or the unauthorized signing of a signature without authorization.

 

##### **4. Computer Fraud**

This is the act of using a computer to alter electronic data to gain unlawful use of a computer or a system.

 

##### **5. Funds Transfer Fraud**

A direct loss of money and securities in the insured’s transfer account on deposit at a financial institution committed by a third party.

 

##### **6. Money & Securities**

Direct loss of money and securities from within the insured’s premises, bank, or safe depository.

 

##### **7. Money Orders & Counterfeit**

Covers loss due to acceptance of money order that was issued by a post office or express company, and loss due to acceptance of counterfeit paper current.

All companies should have crime insurance to [**minimize their risk**](https://tsibinc.com/risk-management/)and to ensure their security. Crime affects each business every day and can limit your company’s bottom line if not protected properly.

If you have any questions regarding Crime Insurance or any other insurance policies, please give TSIB a call today at 201-267-7500! You may also download our case study below to better understand the TSIB difference. 

**TSIB’s Risk Consultants are currently servicing the following locations:**

**East Coast:** New York City, NY; [Bergen County, NJ](https://tsibinc.com/contact-us/new-jersey/); [Fairfield County, CT](https://tsibinc.com/contact-us/connecticut/); [Philadelphia, PA](https://tsibinc.com/contact-us/philadelphia/)

**Texas:** [Austin](https://tsibinc.com/contact-us/texas/), San Antonio, Houston, Dallas

**California:** [Orange County](https://tsibinc.com/contact-us/santa-ana-california/), [Los Angeles County](https://tsibinc.com/contact-us/valencia-california/), Riverside County, San Bernardino County, [San Diego County](https://tsibinc.com/contact-us/san-diego-california/)

image credit: Africa Studio/shutterstock.com

[View full post](https://blog.tsibinc.com/7-key-coverages-your-crime-policy-covers)

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