Protects business owners from the financial impact of an employee stealing money, securities, or property.
If business property, money, or financial securities are stolen or damaged due to an employee theft or other fraudulent act, business owners with Employee Dishonesty Coverage (also called Crime or Fidelity Coverage) may be reimbursed for their direct losses.
Employee theft and fraud are risks that nearly every business owner faces, especially if their employees have access to company bank accounts, cash, credit cards, or valuable business property. Whether an employee commits a single dishonest act or a series of related crimes, the financial losses can be significant, and even lead to bankruptcy.
The Andover Companies Employee Dishonesty Coverage is an optional endorsement that can be added to your Businessowners Insurance Policy to help you pay (up to the policy limit) for the direct losses or damages caused by a dishonest employee who acts alone or in collusion with others* to:
*Excluding a business owner and any of their partners.
There are many factors that can affect the amount of Employee Dishonesty Coverage your business requires as well as the premium you might pay. The following four areas are often taken into consideration when tailoring this insurance endorsement to meet your company’s specific needs:
If you want a better understanding of your Employee Dishonesty Coverage needs, and how this endorsement may help protect your business and its valuable assets, please contact one of the independent insurance agents in our network.
“As small-business owners, we have always chosen to place our Businessowners Policy with The Andover Companies. Their product offerings are comprehensive, and their rates are competitive. Most importantly, we feel they have always done right in protecting us. We confidently recommend Andover and are grateful for the relationship we share.”
“We love working with The Andover Companies. Their products are continually evolving to meet the ever-changing needs of our clients, and the staff always provides us with responsive customer service. Most importantly to us, they understand the value of building long-lasting relationships.”
“I clicked with The Andover Companies right away, and I truly appreciate the team’s unmatched dedication to its agents. They go out of their way to support, which is very rare among carriers these days.”
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Leave it up to your agent to uncover the best coverage solutions for your valuable property.
