What does commercial crime insurance cost for a Georgia business?

A standalone commercial crime policy generally runs $300 to $3,000 a year for small to mid-market Georgia businesses. Added as an endorsement to a business owners policy (a package policy combining property and liability coverage, often called a BOP) or a commercial property policy, the same protection typically costs $150 to $1,500 a year. Both ranges reflect the wide span of business sizes and risk profiles covered under commercial crime, from a 3-person office to a 100-employee operation handling daily cash.

Where a specific business lands in that range depends on employee count and financial exposure. More employees means more people with potential access to money, accounts, or company systems, which raises the exposure a crime policy is pricing. Financial exposure covers how much cash the business handles, how many people can authorize a wire transfer or sign a check, and how large a single fraudulent transaction could realistically be. A business with strong internal controls, such as requiring two signatures on checks above a set amount or a callback verification step before wiring funds, presents a different risk profile than a business without those controls, even at a similar size.

Example: a 6-employee dental practice in Roswell that handles patient payments mostly through a payment processor, with one person authorized to move money, sits toward the lower end of the standalone range. A 50-employee distribution company in Augusta with multiple locations, several employees authorized to issue payments, and regular wire transfers to vendors sits toward the higher end, and may also need a funds-transfer fraud or social engineering endorsement layered on top of the base policy.

Endorsing crime coverage onto an existing BOP or property policy is usually the lower-cost path when a business already carries one of those policies, since it avoids the administrative cost of a separate standalone policy. Whether that endorsement provides enough coverage for a specific business's cash handling and payroll size, compared with what a standalone policy would provide, is the kind of comparison a coverage review works through using the business's actual numbers.

Georgia does not require any business to carry commercial crime coverage (see does Georgia require commercial crime insurance), so cost comparisons are a function of exposure and limits selected. More on how the coverage compares to a fidelity bond, and what happens when a business owner is the one committing theft, is available on the commercial crime insurance page. Carriers offering this coverage in Georgia and Alabama are listed on the carriers page.