Crime bonds and business crime insurance for companies
Crime bonds and crime insurance for business operations
Crime bonds and business crime insurance help protect companies from financial loss caused by employee theft, fraud, forgery or other dishonest acts. Shepherd & Associates works with San Jose and Bay Area organizations to evaluate crime exposures that are often overlooked in standard liability or property policies.
Businesses in Silicon Valley, professional service environments and organizations with handling of funds, sensitive data or valuable assets frequently ask how to address employee dishonesty risks. Crime coverage offers important
financial protection when internal loss occurs.
Common exposures such as theft, fraud and forgery
Crime insurance may cover employee dishonesty, third-party theft, wire transfer fraud, forgery, money and securities loss, and computer fraud depending on the policy structure. Crime bonds are often required for certain industries, nonprofits or organizations that manage funds on behalf of others.
Shepherd & Associates helps clarify which endorsements apply based on your operations, especially for firms with multiple employees handling financial transactions or sensitive accounts..
Coverage for organizations with sensitive financial responsibility
Crime bonds are common for nonprofits, financial service firms, property managers, professional offices, contractors and companies with high transaction volume. Bay Area businesses often face elevated exposure due to the frequency of digital payments and fast-moving financial operations.
Organizations throughout San Jose, Santa Clara and surrounding areas benefit from crime protection that aligns with internal controls and modern risk environments.
FAQs about employee dishonesty and fraud coverage
Is crime insurance included in a general liability policy?
No. Employee theft and fraud are typically excluded from general liability, which is why crime coverage is purchased separately.
What is the difference between crime insurance and a fidelity bond?
Fidelity bonds are often a form of crime protection required by certain organizations, while crime insurance is broader and may cover multiple types of financial loss.
Does crime coverage include cyber-related fraud?
Some policies include computer fraud or funds transfer fraud, but cyber insurance may also be needed depending on the exposure.
Do small businesses need crime coverage?
Yes. Smaller firms can be vulnerable to employee dishonesty or fraud because internal controls may be limited.
Are nonprofits required to carry crime bonds?
Some nonprofits are required by donors, grants or board governance standards to maintain fidelity or crime bond coverage.
Coverage guidance built around trust and clarity
Crime exposures are often unexpected, but the right policy structure can help reduce the financial impact of internal dishonesty or fraud. Shepherd & Associates can guide you through crime bond options that fit your organization’s needs.
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(408) 526-1112