What does commercial crime insurance primarily protect an insured from?

Commercial crime insurance is designed to protect businesses from losses due to criminal acts, primarily focusing on the dishonesty of others. This includes coverage for incidents such as employee theft, forgery, fraud, and other dishonest acts that can lead to financial loss. By specifically addressing the dishonest acts of individuals, either within the organization or outside it, commercial crime insurance plays a crucial role in safeguarding businesses against the vulnerabilities they face from internal and external threats.

While theft of property may seem relevant, the term is broader and typically encompasses other insurance types. Natural disasters are covered under different policies, such as property insurance or specific disaster coverage. Liability claims, on the other hand, relate to the harm caused to others and are addressed through liability insurance, distinct from the criminal acts covered by commercial crime insurance. This unique focus on dishonesty distinguishes commercial crime insurance and highlights its importance in protecting business financial interests.