Crime insurance

Crime insurance

Crime insurance is insurance to cover losses due to victimization by criminals. It's also called "fidelity insurance." Many businesses purchase crime insurance that allows them to file claims for employee theft or other offenses with the potential to cause financial ruin.

Insurance companies sell separate crime insurance because regular property insurance policies usually don't cover losses caused by dishonest employees.

Crime insurance pays when an organization suffers a loss from things like:

  • embezzlement
  • theft
  • forgery
  • computer fraud
  • counterfeiting
  • breaking into a safe
  • general crime and dishonesty

Some organizations buy crime insurance instead of a surety bond.

Anarcho-capitalists favor the use of crime insurance by individuals as well, to cover losses due to murder, rape, and other violent crimes in addition to property crimes; this type of crime insurance is termed aggression insurance.

v · d · eAnarcho-capitalism
Cuneiform symbol "ama-gi", usually considered to signify freedom
Features
v · d · eInsurance
Types of insurance
Business
Residential
Transport/
Communication
Other
Insurance policy and law
Category • List of topics



Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Business Crime Insurance — An insurance policy that companies purchase to ensure protection from losses resulting from business related crime. Protection can cover merchandise, money or other property loss when a company is victimized by someone perpetrating embezzlement,… …   Investment dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • Crime statistics — attempt to provide statistical measures of the crime in societies. Given that crime is usually secretive by nature, measurements of it are likely to be inaccurate. Several methods for measuring crime exist, including household surveys, hospital… …   Wikipedia

  • Crime in South Africa — Crime is a prominent issue in South Africa. South Africa has a high rate of murders, assaults, rapes, and other crimes compared to most countries. Many emigrants from South Africa state that crime was a big factor in their decision to leave.[1]… …   Wikipedia

  • Crime SuspenStories — Cover, #1 by Johnny Craig Publication information Publisher EC Comics …   Wikipedia

  • Insurance Investigations — are usually conducted to investigate matters pertaining to insurance claims that are suspicious or otherwise in doubt for some reason. Investigators in this field have differing specialities and backgrounds. Some insurance companies have their… …   Wikipedia

  • Crime in Japan — is lower than in many other first world countries. While crime is still infrequent, the past decade has seen increasing crime.[1] There are controversies regarding crimes committed by non ethnic Japanese people and misconduct by police in… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”