DEFINITION of '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, forgery, robbery, securities theft or another form of business-related crime.

BREAKING DOWN 'Business Crime Insurance'

Business owners should keep in mind that most commercial property policies do not cover crime-related losses. Companies can invest in business crime insurance either as part of a larger insurance package (typically known as special multiperil insurance or a commercial package policy), or they can purchase separate, standalone policies to address and provide coverage for specific types of crime.

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