Protect your business from employee theft, embezzlement, forgery, computer fraud, and social-engineering loss, coverage your general liability policy doesn't provide. Fast quotes from a tech-forward Utah brokerage.
Commercial crime insurance (also called a fidelity bond or employee dishonesty coverage) protects businesses from direct financial loss caused by dishonest acts of employees or third parties. This includes employee theft and embezzlement, forgery and alteration of checks or financial instruments, theft of money and securities, computer fraud, funds-transfer fraud, and social-engineering loss. It is a distinct policy from your general liability and commercial property policies, those forms are designed to cover third-party claims and external perils, not losses that originate from inside your own organization. If a trusted employee skims the register, wires funds to a fraudulent account, or forges company checks, commercial crime coverage is what responds.
Utah businesses across a wide range of industries benefit from this coverage: property managers handling tenant deposits, nonprofits and associations managing member funds, retailers and restaurants with cash-handling employees, professional services firms, financial services companies, and any business with payroll or inventory exposure. The Association of Certified Fraud Examiners estimates that the typical organization loses a meaningful share of annual revenue to occupational fraud, and small to mid-size businesses are often hit hardest because internal controls are thinner. In Utah's growing economy, where businesses increasingly rely on wire transfers and digital payment systems, funds-transfer fraud and social-engineering scams (where an employee is tricked into wiring money to a criminal posing as a vendor or executive) are a rising threat.
Coverage is sometimes contractually or legally required. Businesses that manage client or trust funds may be required by contract to carry a fidelity bond. Under ERISA, every plan fiduciary and person who handles funds of an employee benefit plan (such as a 401(k) or pension) must be covered by a fidelity bond in an amount equal to at least 10% of the funds handled. Property management companies, third-party administrators, and investment advisors also frequently face contractual fidelity requirements from their clients or regulators.
Whether you're a small Utah retailer looking for basic employee dishonesty coverage or a professional services firm that needs a broader commercial crime form including computer fraud and social-engineering endorsements, we shop your exposure across our top-rated carriers to find coverage that fits your risk profile, and we deliver it quickly so your business and your contracts stay protected.
Direct loss from dishonest acts by employees, including theft of money, securities, or property.
Losses from forged or altered checks, drafts, and other financial instruments.
Unauthorized computer access and fraudulent wire-transfer instructions that cause direct loss.
Losses from fraudulent impersonation, where an employee is deceived into transferring funds.
Need coverage for an ERISA fidelity bond, a client contract requirement, or broad commercial crime protection? Apply online in minutes and our licensed agents will compare rates across our top-rated carriers to deliver the right form and limits, fast.
We handle the quoting, paperwork, and bond documentation so your business and your contracts stay in good standing.
Through our trusted MGA partner, BTIS (Builders & Tradesmen's Insurance Services), we can quote a wide variety of business niches — from contractors and small retail shops to professional offices and specialty risks. This partnership gives us access to a network of top-rated national carriers, allowing us to deliver competitive pricing and tailored coverage options across hundreds of industries.
