Crime

In today’s business environment, the threat of theft, fraud, and other forms of criminal activity is ever-present. Protecting your company’s assets from these risks is essential to maintaining financial stability and trust. Crime Insurance from Titan Risk provides comprehensive coverage designed to safeguard your business against financial losses resulting from internal and external criminal acts, including employee theft, embezzlement, forgery, and cyber fraud. Whether you run a small business or a large corporation, our crime insurance solutions offer the protection you need to keep your business secure.

At Titan Risk, we understand that every business faces unique vulnerabilities. That’s why our Crime Insurance solutions are tailored to meet the specific needs of your industry, providing robust protection against a wide range of criminal risks. With Titan Risk, you can focus on running your business with confidence, knowing that your assets are protected from the unexpected.

Highlights

Titan Risk offers comprehensive Crime Insurance solutions designed to protect businesses from a wide range of criminal activities that could result in significant financial losses. With a focus on tailored coverage and exceptional service, our crime insurance helps safeguard your company against internal and external threats. Here are the key features of our Crime Insurance:

  • Comprehensive Coverage Options - Our policies cover a broad range of crime-related risks, including employee theft, fraud, forgery, embezzlement, computer fraud, and funds transfer fraud, ensuring thorough protection against both internal and external criminal acts.
  • Flexible Coverage Limits - We provide flexible coverage limits to suit businesses of all sizes and industries, allowing you to choose the right level of protection based on your specific risk exposure and operational needs.
  • Employee Dishonesty Coverage - Our crime insurance includes coverage for losses resulting from employee theft and dishonesty, safeguarding your business’s assets and finances from internal threats.
  • Third-Party Crime Coverage - We offer coverage for crimes committed by third parties, such as theft, robbery, and burglary, protecting your business from external criminal activities that could disrupt operations and cause financial harm.
  • Computer and Cyber Fraud Protection - Our policies provide coverage for losses due to computer fraud, hacking, phishing, and other cyber-related crimes, helping to protect your business in an increasingly digital world.
  • Forgery and Alteration Coverage - We include coverage for losses resulting from the forgery or alteration of checks, promissory notes, or other financial instruments, ensuring protection against financial document fraud.
  • Funds Transfer Fraud Coverage - Our crime insurance includes coverage for losses arising from fraudulent instructions to transfer funds, providing critical protection for businesses that handle significant electronic transactions.
  • Efficient Claims Handling and Expert Support - We offer a streamlined claims process with access to experts experienced in handling complex crime-related claims, ensuring quick and fair resolution to minimize financial losses and business disruption.
  • Access to Leading Insurers - Our crime insurance is underwritten by top-rated, financially stable carriers, providing reliable coverage and peace of mind.
  • Worldwide Coverage - Our crime insurance provides worldwide protection, covering losses from criminal acts regardless of where your business operates or where the crime occurs.
  • Inventory and Stock Protection - Our policies include coverage for inventory and stock losses due to criminal acts, ensuring comprehensive protection for businesses that maintain significant physical assets.
  • Proactive Risk Management and Loss Prevention - Titan Risk offers proactive risk management services, including fraud prevention training, security assessments, and best practices guidance, to help minimize the likelihood of criminal incidents.
  • Niche Industry Expertise and Policy Customization - Our team has specialized knowledge in various sectors, enabling us to offer customized crime insurance solutions that address the unique risks and challenges specific to your industry.
  • Flexible Deductible Options and Premium Structures - We provide a range of deductible options and flexible premium structures, allowing you to customize your policy according to your risk tolerance and budget.
  • Ongoing Education and Resources for Fraud Prevention - Titan Risk offers continual education and resources, such as webinars, guides, and training materials, to keep your team informed about best practices and evolving criminal threats.

Learn More about Crime Insurance

What is crime insurance?

Crime insurance protects businesses from financial losses resulting from criminal acts such as employee theft, fraud, forgery, robbery, burglary, and other forms of dishonesty. This type of insurance covers both internal and external crimes, helping businesses recover from losses that are not typically covered by other types of insurance policies.

Does my business need crime insurance?

If your business handles cash, sensitive financial information, or valuable assets, crime insurance is essential. It provides a safety net against losses caused by criminal activities, whether committed by employees or external parties. Businesses of all sizes and across all industries can benefit from the protection offered by crime insurance.

How do insurance companies determine my rates?

Crime insurance rates are determined by factors such as the size and type of your business, the amount of cash or valuables handled, your location, the number of employees, and your company’s internal controls and security measures. Businesses with a higher risk of criminal activity or a history of related claims may face higher premiums.

What enhancements are available on a crime insurance policy?

Enhancements to a crime insurance policy can include coverage for specific risks such as employee dishonesty, cyber fraud, social engineering fraud, funds transfer fraud, and coverage for losses occurring at third-party locations like offsite events or warehouses. These endorsements allow you to tailor your policy to address the specific crime risks your business faces.

What are some claims examples for crime insurance?

Common claims under crime insurance include employee theft of company funds or assets, forgery of business checks, unauthorized funds transfers, theft of cash during a robbery, and fraudulent invoices paid to fictitious vendors. These incidents can lead to significant financial losses, but crime insurance provides the necessary coverage to recover.

My crime insurance is with another agent, how do I move it to Titan Risk?

To move your crime insurance to Titan Risk while keeping your current carrier, contact us to initiate the process. You’ll need to sign an Agent of Record (AOR) letter, which authorizes Titan Risk to become your new representative. We’ll handle the submission of the AOR letter to your carrier, who will then update their records to reflect Titan Risk as your agent.

How long does it take to receive a quote?

The time it takes to receive a crime insurance quote from Titan Risk typically depends on the complexity of your business and the specific crime risks involved. Generally, you can expect to receive a quote within a few business days after providing the necessary information about your business operations and coverage needs.

What industries does Titan Risk provide crime insurance for?

Titan Risk provides crime insurance for a variety of industries, including retail, hospitality, financial services, healthcare, manufacturing, and more. We offer tailored coverage solutions to address the unique crime risks associated with different types of businesses.

Outside of crime insurance, what insurance products can I buy from Titan Risk?

Titan Risk offers a comprehensive range of commercial Property and Casualty (P&C) insurance products designed to protect your business from a variety of risks. Whether you need coverage for your property, liability protection, or specialized policies tailored to your industry, Titan Risk has you covered. 

Here’s a list of the key P&C insurance products you can purchase from Titan Risk:

  • General Liability Insurance
  • Commercial Property Insurance
  • Commercial Auto Insurance
  • Workers' Compensation Insurance
  • Professional Liability Insurance (Errors & Omissions)
  • Directors and Officers (D&O) Insurance
  • Employment Practices Liability Insurance (EPLI)
  • Cyber Liability Insurance
  • Commercial Umbrella Insurance
  • Inland Marine Insurance
  • Business Interruption Insurance
  • Crime Insurance
  • Product Liability Insurance
  • Reps and Warranties Insurance
  • Tenant Legal Liability Insurance