Koosh Insurance · Management Liability

    Crime Insurance

    The bookkeeper who'd been embezzling for four years. The wire transfer fraud that drained the operating account in 90 minutes. The forged check that cleared before anyone noticed. Crime insurance covers what general liability and property explicitly exclude — losses from theft, fraud, and dishonesty by employees and outsiders. It's a specialty coverage that pays more in real-world claims than most owners realize, and the most-needed coverage that owners most often skip.

    See what's covered

    Coverage

    What this coverage includes

    • Employee theft / employee dishonesty — losses caused by your own staff
    • Forgery and alteration — forged checks, altered instruments, counterfeit currency
    • Computer fraud — losses from unauthorized access to your systems
    • Funds transfer fraud — wire transfers and ACH transfers initiated by fraud
    • Money and securities — theft of cash and instruments on premises and in transit
    • Social engineering / impersonation fraud — losses from employees fooled into transferring funds (often by endorsement, often sub-limited)
    • Client coverage — losses caused by your employees to your clients' property

    Who Buys This

    Who typically buys this coverage

    • Any business with employees handling money, inventory, or financial systems — claim risk starts at the first hire with access
    • Professional services firms — law, accounting, financial advisory — handling client funds in trust
    • Property managers and HOAs holding tenant deposits, association funds, or client money
    • Healthcare providers and medical practices with billing and patient-payment exposure
    • Manufacturers and distributors with high-value inventory and shipping operations
    • Nonprofits and associations — often required by state regulation or grant conditions
    • Anyone wiring money or processing ACH — funds transfer fraud is one of the largest claim categories

    Why Koosh

    Why Koosh Insurance

    Crime insurance is one of the lines where the sub-limits matter as much as the headline limit. Funds transfer fraud, social engineering, and computer fraud each need to be sized to actual exposure — and they often aren't. By the time you discover it, the only question is what the policy paid. Make sure it paid.

    Sub-limit verification — social engineering and funds transfer fraud sub-limits are routinely inadequate, and we check before we bind.

    Discovery period structuring — long-running schemes are common, and we make sure the policy structure protects against losses that surface late.

    Coordination with cyber liability — crime and cyber overlap on funds transfer and computer fraud; we map them deliberately.

    Industry-specific structuring — property managers, professional services, and healthcare each have unique exposures and we know which carriers structure them well.

    Claim documentation support — crime claims are document-heavy and frequently disputed; we help structure the claim presentation.

    FAQ

    Frequently asked questions

    No. GL excludes employee theft and most fraud-related losses. Property policies have very small employee-dishonesty sub-limits ($5,000 to $25,000 typically) that don't reflect real exposure. Crime insurance is a separate policy with limits sized to actual risk.

    Wrong, and small business is exactly where it hurts most. Smaller operations have fewer financial controls, less segregation of duties, and longer time-to-detection than larger companies. Median employee theft losses run into six figures according to fraud-research industry reports, and outliers run far higher. Small businesses absorb the loss with fewer reserves.

    Computer fraud covers losses from unauthorized intrusion into your systems — someone hacks in and moves money. Funds transfer fraud covers losses from fraudulent instructions to your bank — someone tricks you or your bank into authorizing a transfer. They're different triggers and need different sub-limits.

    Social engineering is when an employee is tricked (usually by a fake email or call appearing to be from a vendor, executive, or customer) into authorizing a payment. It's now one of the most common and costly claim types. Many crime policies sub-limit social engineering at $100,000 to $250,000 — well below actual exposure for businesses with active wire transfer or ACH activity. We always check the limit and structure higher when warranted.

    Yes. Most crime policies require discovery within the policy period or a stated discovery period after termination. Long-running embezzlement schemes are common — losses accumulate for years before discovery. The policy structure determines whether the original-period loss is covered.

    Bank records, ledger entries, employee work records, audit findings, and proof of loss. Crime claims often require forensic accounting to quantify the loss — the policy frequently covers reasonable accountant fees as part of the claim.

    Related

    Related services

    Directors & Officers (D&O)

    Protection for executives and board members against management decisions.

    Employment Practices Liability (EPL)

    Wrongful termination, discrimination, harassment claims.

    Cyber Liability

    Cyber threats, data breaches, ransomware, and network security incidents.

    This page provides general information about Crime Insurance insurance and is not a substitute for tailored advice from a licensed insurance broker. Coverage availability, terms, exclusions, and pricing depend on your specific business operations, location, claims history, and carrier underwriting. Contact a Koosh Insurance broker for a personalized consultation. Koosh Insurance — License #L135215.

    Get a quote for Crime Insurance

    Talk to a licensed Koosh broker. We'll review your specific situation, source quotes from appropriate carriers, and walk you through the coverage that actually fits your business.

    (954) 309-3900
    service@koosh-ins.com
    4491 S State Rd 7, Suite 202, Davie, FL 33314