{"id":2409,"date":"2022-01-21T07:00:50","date_gmt":"2022-01-21T12:00:50","guid":{"rendered":"https:\/\/doereninsurance.com\/?p=2409"},"modified":"2023-08-29T14:48:05","modified_gmt":"2023-08-29T18:48:05","slug":"a-guide-to-fidelity-crime-insurance-for-businesses","status":"publish","type":"post","link":"https:\/\/doereninsurance.com\/news\/a-guide-to-fidelity-crime-insurance-for-businesses\/","title":{"rendered":"A Guide to Fidelity & Crime Insurance for Businesses"},"content":{"rendered":"

[vc_row][vc_column width=”1\/1″][vc_single_image media=”2413″ media_width_percent=”100″][vc_column_text]Even the most fervent business owners cannot safeguard their organizations and employees from every last threat \u2014 especially in today\u2019s well-connected digital age. No matter the size or location, businesses of all kinds are vulnerable to different types of fraud. What\u2019s more, even the most skilled and capable employees can often be responsible for fraudulent activity that leads to costly claims.<\/p>\n

From employee errors and phishing to credit card forgery and property damage, there are a host of liabilities that can cause severe financial loss. That\u2019s why fidelity and crime insurance protects businesses such as nonprofit organizations, private companies, and public companies from potential exposures.<\/p>\n

At Doeren Mayhew Insurance Group, we are recognized as innovators in delivering business insurance solutions that safeguard your financial stability. We understand what it takes to protect your business from those who find weaknesses in your organization\u2019s financial controls \u2014 and use them to their advantage.<\/p>\n

In fact, according to Small Biz Genius<\/a>, a typical employee theft scheme lasts 14 months before it\u2019s detected and US businesses lose up to $110 million a day due to employee-related crimes. Read on to learn more about how Fidelity & Crime Insurance can protect your business\u2019 long-term financial health \u2014 and help it recover in the face of employee crime.<\/p>\n

Crime Insurance<\/h3>\n

This type of commercial insurance provides coverage for inventory and financial losses resulting from a variety of crimes, including burglary, robbery, forgery, and fraud. Crime insurance offers peace of mind in the face of criminal activity that standard commercial property policies and general liability insurance won\u2019t cover. In fact, according to the Association of Certified Fraud Examiners (ACFE)<\/a>, the world\u2019s largest anti-fraud organization, U.S. businesses report more than $400 billion in annual losses associated with exploitation and fraud.<\/p>\n

Companies that are common targets for criminals often have the following characteristics:<\/p>\n