Olive Cover Insurance
AboutFree Coverage Review
Commercial crime insurance Georgia: employee theft and fraud

COMMERCIAL CRIME

Commercial crime insurance, for employee theft and fraud loss.

Commercial crime covers losses your business suffers from employee theft, third-party fraud, computer fraud, forgery, and theft of money or securities. Standard property excludes these; commercial crime is the fill.

Free Coverage Review

WHAT'S COVERED

What commercial crime covers.

Employee dishonesty (fidelity)

The core coverage. Reimburses business losses from theft, embezzlement, or fraudulent activity by employees. Covers cash, property, and other business assets. Limits typically $25K to $1M+ depending on business size and exposure.

Third-party fraud and computer crime

Fraudulent funds transfer from spoofed emails (CEO impersonation, vendor invoice fraud), computer-system fraud, social engineering schemes. Critical given increased frequency of business email compromise (BEC) attacks.

Forgery and alteration

Losses from forged checks, signatures, or altered financial documents. Covers both inside (employee) and outside (third-party) forgery.

Money and securities theft

Theft of money or securities from your business premises (inside policy) and while in transit (outside policy). Includes safe burglary, robbery, and theft from messenger.

IMPORTANT LIMITATIONS

Where commercial crime has edges.

Inventory shrinkage / unexplained losses

Inventory shortages without proven theft (e.g., math errors, shrinkage from unknown causes) are typically excluded. Coverage applies to specific identified theft events, not generic inventory loss.

Acts of executives and ownership

Theft or fraud by company executives, directors, or owners is typically excluded. Management liability (D&O) handles those exposures.

Indirect or consequential damages

Lost profits, reputational damage, or operational disruption from a crime event are typically excluded. Only the direct property/money loss is covered.

Voluntary parting (giving up property to a fraudster)

If an employee or owner voluntarily hands over money or property because of a deception, some policies exclude this. Social engineering coverage is a specific endorsement that fills this gap.

OUR CARRIER PANEL

Carriers We Use for This Coverage

All carriers we work with hold an A or better financial strength rating and are appointed in the state. We compare them and recommend the right fit.

CLAIMS TIPS

If You Need to File a Claim

Practical guidance for the first 24 hours, what to document, common mistakes to avoid, and when to call us.

COMMON QUESTIONS

Frequently Asked Questions

What is commercial crime insurance?

Commercial crime insurance protects a business against financial losses caused by dishonest acts. The most common cause of loss is employee theft (often the largest single risk for small and mid-size businesses), but the coverage also extends to forgery, robbery, burglary, computer fraud, funds transfer fraud, and counterfeit currency. Standard business property and general liability policies do NOT cover these exposures, which is why crime coverage is purchased separately.

Commercial crime insurance protects a business against employee theft, forgery, computer fraud, and other dishonest acts.

what-is-commercial-crime-insurance

Who needs commercial crime insurance?

Any business with employees who handle cash, process payments, manage payroll, or have access to bank accounts or financial software needs commercial crime coverage. Industries with the highest exposure include retail, restaurants, healthcare, professional services with client trust accounts, nonprofits, and any business with a bookkeeper or office manager handling deposits. Even a single bad-actor employee can cause five or six-figure losses, and most are caught only after the fact.

Any business that handles cash, payroll, customer funds, or has employees with access to financial systems.

who-needs-commercial-crime-insurance

What does commercial crime insurance cover?

A standard commercial crime policy includes six main coverages. Employee theft (the largest by claim count). Forgery and alteration (fake signatures on checks or contracts). Computer fraud (unauthorized funds transfers through hacked systems). Funds transfer fraud (impersonation-based wire fraud, often called CEO fraud or business email compromise). Money and securities loss inside or outside the business premises. Counterfeit currency received in good faith. Coverage limits typically range from $25,000 to $1 million per occurrence.

Employee theft, forgery, computer fraud, funds transfer fraud, robbery, and counterfeit currency.

what-does-commercial-crime-insurance-cover

What is the difference between fidelity bonds and crime insurance?

Fidelity bonds are a narrower form of crime coverage focused specifically on employee dishonesty. They are often required by client contracts (especially for cleaning services, in-home contractors, and financial advisors) as a sign of trustworthiness. Commercial crime insurance is broader: it includes employee theft (the bond piece) PLUS forgery, computer fraud, funds transfer fraud, and other dishonest acts. If your contract specifically requires a fidelity bond, a crime policy with the right endorsement usually satisfies the requirement.

Fidelity bonds are a narrower form of crime coverage focused on employee theft, often required by clients or contracts.

what-is-the-difference-between-fidelity-bonds-and-crime-insu

How much commercial crime coverage do I need?

Coverage limits should match your worst-case single-loss exposure. For most small businesses, $100,000 to $250,000 is a reasonable starting point. Higher limits make sense if you have annual payroll over $1 million (more employees means more exposure), hold client funds in trust (lawyers, accountants, property professionals), or run a business with significant inventory of high-value items. Cyber-focused crime (funds transfer fraud, computer fraud) is a fast-growing claim type, so make sure the policy includes those coverages with adequate sub-limits.

Most small businesses start at $100,000 to $250,000; higher for businesses with payroll over $1 million or client trust funds.

how-much-commercial-crime-coverage-do-i-need

IN GEORGIA

How this works in Georgia

No items found.

GET STARTED

Vulnerable to employee theft or wire fraud? Commercial crime is the answer.

Commercial crime is often added as an endorsement to BOP or commercial property in our review set. Coverage Review walks through your business operations, employee count, and financial exposure to surface the right structure and limits.

Commercial crime as a standalone policy typically runs $300 to $3,000 annually for small to mid-market businesses. As an endorsement to BOP or commercial property, often $150 to $1,500. Limits scale with employee count and financial exposure. Significant additional cost for higher-risk businesses (financial services, jewelry, cash-heavy retail).

Free Coverage Review