Commercial Crime & Fidelity Insurance
Even with the most robust security systems, a business may fall victim to theft, fraud, or embezzlement. Commercial crime insurance provides essential protection against financial loss due to employee dishonesty, forgery, or cybercrime. Also known as fidelity insurance, this coverage ensures your business remains secure from both internal and external risks, helping you preserve your assets, reputation, and peace of mind.
What is Commercial Crime Insurance?
Commercial crime insurance, also known as fidelity insurance or a crime policy, protects businesses from financial losses caused by acts of theft, fraud, forgery, or embezzlement. Unlike general liability coverage, which handles third-party claims, crime insurance focuses on first-party losses, helping companies recover funds or assets stolen by employees or external criminals.
Whether you operate a small business or a large corporation, crime insurance coverage helps ensure your organization’s financial stability and reputation remain intact in the face of unexpected criminal activity.
At KASE Insurance, you can secure a crime policy as a standalone protection plan or as part of a broader commercial insurance package. Depending on your business’s size and operations, crime coverage helps Canadian business owners safeguard their financial stability against internal and external crimes.
Why Do You Need Commercial Crime Insurance?
Even with strong internal controls, no business is immune to theft or fraud. Commercial crime insurance provides vital protection against financial losses that traditional liability policies don’t cover.
Employee Dishonesty
Employee dishonesty insurance protects your business from employee theft, embezzlement, or forgery—helping you recover financial losses and maintain operational stability.
Cyber and Funds Transfer Fraud
Covers financial losses from fraudulent electronic fund transfers, phishing schemes, or cybercrime—an increasingly common threat for Canadian businesses of all sizes.
Protect Cash Flow and Financial Stability
Provides compensation for stolen cash, securities, or property resulting from burglary, robbery, or theft occurring on your business premises or during transit.
Forgery and Counterfeiting
Reimburses your business for losses due to forged cheques, counterfeit currency, or fraudulent financial documents used to deceive or manipulate company accounts.
What Does Crime Insurance Cover?
Crime insurance coverage protects your business from a wide range of financial risks caused by theft, fraud, or dishonesty. Here are some examples of crime coverage.
- Employee Theft: Covers losses when an employee steals company funds or assets, such as personal costs disguised as legitimate construction project expenses if you operate a construction company.
- Forgery or Alteration: Covers losses from forgery or altered cheques, drafts, financial instruments, or official documents.
- Counterfeit Currency: Reimburses losses from counterfeit money or payment instruments. For example, your retail business accepts fake $100 bills that can’t be recovered.
- Computer Fraud and Theft: Safeguards against fraudulent electronic transactions and money orders. It may also provide coverage against malware such as Trojan horse applications and spoofing.
- Wire Transfer and Funds Transfer Fraud Coverage: Provides coverage from losses when a third party acquires access to banking credentials to instruct financial institutions to transfer funds from your account to a fraudulent overseas bank account.
- Robbery & Burglary: Covers stolen money or property from your premises or during transport, including cash theft while in transit (i.e., robbery of a delivery person or armoured car).
- Credit Card Forgery or Fraud: Covers unauthorized use of company cards, such as a former employee making a personal purchase using a corporate credit card.
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Complete Coverage Options for Commercial Businesses
Beyond crime and fidelity insurance, businesses can strengthen their protection with complementary coverages designed to address property, liability, and operational risks unique to their industry. Explore key policy options for complete peace of mind.
Commercial General Liability Insurance (CGL)
This type of insurance covers third-party injuries, settlements, and legal costs if an individual suffers harm on your premises due to your operation. This is absolutely vital for any business operating in Canada.
Commercial Property Insurance
Protects your building, equipment, and inventory against fire, theft, vandalism, and natural disasters. This coverage helps your business recover quickly from physical damage or loss, ensuring minimal disruption to operations.
Commercial Auto Insurance
Auto insurance is a must-have for businesses in the transportation, logistics, or other industries that use vehicles to protect against liabilities and physical damage to business vehicles.
Cyber Liability Insurance
Safeguards your company from financial loss due to data breaches, cyberattacks, and privacy violations. Includes coverage for notification costs, legal defence, and recovery expenses following a cyber incident.
Business Interruption Insurance
This type of insurance offers financial support for lost income and recurrent expenses resulting from an event that disrupts your ability to conduct business.
Professional Liability Insurance
Also called errors and omissions (E&O) insurance, this policy grants your business protection against financial losses due to errors, omissions, or negligence in the professional services you provide.
Commercial Umbrella Insurance
Provides an additional layer of liability coverage that exceeds the limits of your other policies, which is ideal for large, enterprise-sized businesses.
Who Needs Commercial Crime Insurance?
Fraud affects organizations of all sizes. This makes crime insurance necessary for any business that handles cash, financial transactions, and sensitive data, regardless of size. As your trusted insurance company, we especially recommend crime insurance for the following industries:
- Financial Institutions: Banks, credit unions, and investment firms face high exposure to employee fraud and cybercrime.
- Technology & Startups: Shields media and technology companies from phishing attacks, cyber theft, and digital fund diversion.
- Professional Services: Firms in the professional services sector—accounting, consulting, and legal firms in particular—are at risk from document forgery, making employee dishonesty insurance a wise option for them.
- Manufacturing & Distribution: Manufacturing businesses require protection against employee theft, supply chain fraud, and inventory loss.
- Healthcare & Clinics: Medical clinics and hospitals manage sensitive patient data and financial records, and must protect them from fraud and theft.
- Hospitality & Restaurants: Protection against cash theft, vendor scams, or credit card fraud in lodging and accommodation, as well as restaurants.
Why Choose KASE Insurance for Commercial Crime Insurance
KASE Insurance understands that even the most trusted teams and systems can be vulnerable to theft or fraud. Our experienced brokers specialize in building custom commercial crime insurance policies tailored to your industry, operations, business assets, and risk profile.
We partner with Canada’s leading insurers to secure comprehensive crime and fidelity coverage that protects your assets and reputation. With KASE as your insurance provider, expect:
- Tailored Coverage: Only pay for the protection your business needs.
- Expert Guidance: Our crime insurance brokers will help you choose the best policy options, negotiate premiums, and manage crime claims.
- Transparent Advice: Get clear explanations of what your coverage entails (and doesn’t) so you have no surprises.
KASE ensures your business is always one step ahead of financial risk so you can focus on growth, not loss prevention. Ready to get the coverage your business needs? Schedule a no-commitment consultation with our team today!
Read what clients have to say about KASE
By far the most professional and trustworthy insurance brokerage I have known. We have been working with this firm for number of years now and I have nothing but good to say about their team and services. Stan and his team won't stop until we are fully satisfied. They are always on top of things, super fast in their assistance and very professional. I highly recommend this firm to anyone seeking for great insurance brokerage to work with. Big Thank You to Stan and Kase Insurance for many many years of great service!
Reviewer: Alex K
out of 5 stars
Stan and is team at KASE Insurance have been fantastic in explaining what insurance we needed for our business. Very hands on approach and detailed. I work highly recommend KASE Insurance for any business owner looking for great service.
Reviewer: Kyle Grooms
5 out of 5 stars
The KASE team is very easy to work with. They answer your questions quickly, walk you through the process patiently, and find you great rates. We've been working with them for a few years and we haven't felt the need to shop elsewhere because of their customer service.
Reviewer: Sasha Boersma
5 out of 5 stars