Understanding the need for crime liability insurance
Crime liability insurance is designed to provide coverage against thieves. You may feel that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimized by fraud or theft. In this day and age, thieves (including employees) do not need direct access to cash to steal from you; merchandise, supplies and securities are all fair game.
You may also be susceptible to losses in the event that finished products or even raw materials are stolen right from under your nose. Essentially, any product can be a target for thieves if there is an opportunity to make a resale profit.