Crime & Fidelity Insurance
Placed nationwide by Machaen Insurance Agency with A-rated carriers.
Overview
Crime and fidelity insurance protects a business against direct financial loss caused by dishonest acts, including employee theft, forgery, computer fraud, funds transfer fraud, and social engineering schemes. Unlike a fidelity bond issued to satisfy a licensing requirement, a crime policy is first-party coverage designed to reimburse the business itself for losses it suffers.
Who Needs This Coverage
- Businesses with employees who handle cash, payroll, or company funds
- Companies that process wire transfers or manage vendor payments
- Organizations concerned about social engineering or business email compromise fraud
How Much Does It Cost?
Premiums are based on the coverage limit selected, the strength of your internal financial controls, and your industry's exposure to theft and fraud. Businesses with strong separation of duties and payment verification procedures often see more favorable pricing.
How to Get Covered
Apply
Complete a short application with your business and coverage details.
Get Quoted
We shop the market among A-rated carriers for the most competitive terms.
Get Covered
Sign your agreement and receive your bond or policy, often within a few business days.
Stay Compliant
We track renewal dates so your coverage stays active without a lapse.
Frequently Asked Questions
What's the difference between crime insurance and a fidelity bond?+
A fidelity bond is often required to satisfy a licensing condition and functions similarly to insurance, while a crime policy is coverage a business purchases voluntarily to protect its own balance sheet against theft and fraud losses.
Does crime insurance cover social engineering fraud?+
Many policies now offer social engineering and funds transfer fraud coverage, though it's frequently written as a sub-limit or optional endorsement rather than full policy limits, so it's worth confirming with your agent.
Who is covered under a crime policy?+
Coverage typically applies to losses caused by employees, and can often be extended to include losses caused by third parties such as vendors or clients, depending on the policy form.
Get a Quote for Crime & Fidelity Insurance
Speak with our team about your Crime & Fidelity Insurance needs.
201-316-4159
Request a QuoteNeed Crime & Fidelity Insurance?
Get a fast, competitive quote from Machaen Insurance Agency’s specialty insurance team.
Request a Quote