Crime Insurance
- Financial Crime Protection
Safeguard Your Business Against Internal & External Threats
Crime insurance protects your business from financial losses caused by criminal acts such as employee theft, forgery, fraud, and robbery. Even the most trusted employees and secure systems can be vulnerable — and the financial impact of a single crime event can be devastating.
Whether it’s embezzlement by a long-time employee, a sophisticated social engineering scheme, or a break‑in resulting in stolen cash and securities, crime insurance provides the safety net your business needs to recover quickly and stay operational.
$1M+
Coverage Available
- Understanding Coverage
What Is Commercial Crime Insurance?
Protection Against Financial Crime
Commercial crime insurance is a specialized policy designed to protect businesses from losses resulting from criminal activities. It covers a broad range of threats including:
- Employee theft and embezzlement
- Computer fraud and electronic theft
- Social engineering and wire transfer fraud
Why Standard Policies Aren't Enough
Many business owners assume their general liability or property insurance covers crime-related losses. In reality, standard policies have significant gaps:
- General liability doesn't cover employee dishonesty
- Property insurance excludes money and securities theft
- Cyber policies may not cover social engineering losses
- Fidelity bonds only cover specific named employees
Did You Know?
According to the Association of Certified Fraud Examiners, the typical organization loses 5% of its annual revenue to fraud. Small businesses are disproportionately affected, with a median loss of $150,000 per incident. Crime insurance helps ensure a single event doesn't put your business at risk.
- Coverage Options
What Does Crime Insurance Cover?
Crime insurance provides comprehensive protection against a wide range of criminal acts that can cause significant financial harm to your business.
Employee Theft
Covers losses from theft of money, securities, or property committed by employees.
- Cash & currency theft
- Inventory shrinkage
- Embezzlement schemes
- Payroll fraud
Forgery & Alteration
Protects against losses from forged or altered checks, drafts, and financial instruments.
- Forged checks
- Altered documents
- Counterfeit currency
- Fraudulent endorsements
Computer & Wire Fraud
Covers losses from unauthorized electronic fund transfers and computer-based theft.
- Unauthorized transfers
- Hacking & intrusion
- Electronic theft
- Phishing attacks
Social Engineering
Protects against losses when employees are tricked into transferring funds to criminals.
- CEO fraud schemes
- Vendor impersonation
- Invoice manipulation
- Wire transfer scams
Robbery & Burglary
Covers theft of money, securities, and property from your premises or during transit.
- On-premises theft
- Safe burglary
- Money in transit
- Messenger robbery
Money & Securities
Broad coverage for loss of money and securities from any cause, inside or outside premises.
- Cash on hand
- Checks & money orders
- Securities & bonds
- Destruction of money
- The Reality of Business Crime
Business Crime by the Numbers
Understanding the scope of business crime helps illustrate why every company needs dedicated crime insurance coverage.
5%
Of Annual Revenue
Average amount organizations lose to occupational fraud each year
$150K
Median Loss
Typical financial impact per fraud incident for small businesses
18
Months to Detect
Average time before employee fraud schemes are discovered
75%
Internal Threats
Of business crime losses are caused by employees or insiders
- Real-World Scenarios
Crime Insurance Claims Examples
These real‑world scenarios demonstrate how crime insurance protects Iowa businesses from devastating financial losses.
Employee Embezzlement
A bookkeeper at a small manufacturing company diverted company funds into a personal account over 3 years.
Social Engineering Fraud
An accounts payable clerk received a spoofed email from the "CEO" requesting an urgent wire transfer to a vendor.
Loss Amount: $92,000
Check Forgery Scheme
A former employee forged company checks and cashed them at multiple banks before being detected.
Loss Amount: $47,500
Computer Fraud Attack
Hackers gained access to the company banking system and initiated unauthorized wire transfers overseas.
Without crime insurance, these businesses would have absorbed the full financial impact. With proper coverage, claims were paid and operations continued without interruption.
- Who Needs Coverage
Is Crime Insurance Right for Your Business?
Any business that handles money, employs people, or processes financial transactions is at risk. Crime insurance is especially critical for businesses that:
- Handle cash, checks, or process electronic payments
- Have employees with access to financial accounts or systems
- Manage funds on behalf of clients or donors
- Rely on wire transfers or electronic fund transfers
Serving Iowa Businesses
Des Moines, Bondurant, Ankeny, West Des Moines, and surrounding areas throughout Iowa.
Financial Services
Banks, credit unions, and financial firms handling large sums of money and sensitive data.
Retail & Restaurants
Businesses with cash registers, inventory, and multiple employees handling money.
Nonprofits & Churches
Organizations managing donations, grants, and funds with fiduciary responsibilities.
Healthcare Practices
Medical offices processing payments and managing patient financial information.
Contractors & Trades
Construction firms with payroll, equipment, and multiple job site locations.
Property Management
Companies collecting rent, security deposits, and managing tenant funds.
25+
Years Protecting Iowa Businesses
- Why Choose Us
Why Choose Densmore Insurance?
Independent Agency
We compare crime insurance options from multiple carriers to find the best fit for your business.
Tailored Coverage
Customized crime policies designed around your specific industry risks and exposures.
Local Iowa Expertise
Deep understanding of Iowa businesses and the unique crime risks they face.
Dedicated Support
Personal attention from experienced agents who understand crime coverage inside and out.
Fast Claims Advocacy
We advocate on your behalf to ensure quick and fair claim settlements when you need it most.
Competitive Pricing
Access to multiple carriers means competitive rates without sacrificing essential coverage.
- Common Questions
Crime Insurance FAQs
Get answers to frequently asked questions about commercial crime insurance coverage.
What is the difference between crime insurance and a fidelity bond?
Does my general liability policy cover employee theft?
How much does commercial crime insurance cost?
What is social engineering coverage?
Does crime insurance cover cyber theft?
Crime insurance covers computer fraud and electronic fund transfer fraud, which includes unauthorized access to your systems resulting in financial loss. However, for comprehensive cyber protection including data breach response, notification costs, and cyber liability, you may also want a dedicated cyber liability policy. We can help you determine the right combination of coverage.
Is crime insurance required by law in Iowa?
What is the typical claims process for crime insurance?
Can I bundle crime insurance with other business policies?
Yes. Crime coverage can often be added as an endorsement to a Business Owner’s Policy (BOP) or purchased as a standalone commercial crime policy. Bundling can sometimes offer cost savings. Our agents will evaluate your complete risk profile and recommend the most cost-effective approach to ensure comprehensive protection.
- Get Protected Today
Request Your Free Crime Insurance Quote
Protect your business from employee theft, fraud, and other criminal acts. Fill out the form and one of our experienced agents will contact you with a customized crime insurance quote.
Phone
(515) 967-3390
info@densmoreis.com
Address
85 Paine Street SE, Suite G, Bondurant, Iowa 50035nn