Crime Insurance in Denver, Colorado

Why Denver Businesses Need Protection from Theft and Fraud

Crime insurance protects your business from financial losses due to criminal acts like employee theft, forgery, fraud, and robbery. While you trust your employees, statistics show that employee theft causes significant business losses. Crime coverage pays when trusted employees steal money or inventory, someone forges checks or financial instruments, or criminals rob your business. General liability and commercial property policies don't cover these losses, making crime insurance essential for Denver businesses handling cash, inventory, or valuable property.

What Does Crime Insurance Cover?

Crime insurance covers employee theft or dishonesty including embezzlement, forgery or alteration of checks and financial documents, and funds transfer fraud. It protects against computer fraud and electronic theft, robbery and burglary of money and securities, and theft of client property while in your care. The policy covers money, securities, inventory, and other property. Some policies include social engineering fraud where criminals trick employees into transferring money. Coverage applies inside and outside your premises.

Benefits of Crime Insurance for Colorado Businesses

Employee theft happens more frequently than most business owners believe, and a single fraudulent scheme can cause devastating financial losses. Standard business policies exclude theft by employees, leaving you unprotected without dedicated crime coverage. Crime insurance protects businesses handling cash, inventory, or valuable merchandise from internal and external threats. Banks and lenders may require coverage for businesses with cash operations before extending credit.

What Types of Businesses Need Crime Insurance?

Retail stores, restaurants, financial services firms, property management companies, and any business handling significant cash or inventory need crime coverage. Professional services firms managing client funds also require this protection. Even businesses with minimal cash can suffer losses from employee fraud or forgery. Denver businesses in retail, hospitality, and financial services face particularly high exposure to crime-related losses.

How Can I Reduce My Business Crime Risk?

Implement internal controls separating financial duties, conduct background checks on employees handling money, regularly audit financial records, use security cameras and alarm systems, and maintain strict cash handling procedures. Many crime insurers offer risk management resources to help policyholders strengthen their internal controls. Taking these steps can also help lower your crime insurance premiums.

Get a Crime Insurance Quote in Denver, Colorado

Our crime insurance agents serve Denver, Colorado and surrounding areas including Aurora, Golden, Lakewood, Thornton, and Westminster. Contact Seguros Ideal Inc today for a free quote.