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Fidelity and Crime

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Your Hanover agent can help you find the right Fidelity & Crime coverage for your business.

What is fidelity and crime coverage?

Fidelity and crime insurance coverages provides financial compensation for loss of goods or cash through theft, fraud, forgery or other crimes committed by your own employees.

Why does your business need protection for employee crime?

Although most businesses run background checks and make every effort to hire honest employees, studies show that fraud and employee theft is becoming more common, and it is even more common in smaller organizations with fewer controls. The statistics on employee commercial crime are shocking:

  • Fraud typically occurs for 3 years before detection
  • Before committing a crime, 60% of fraudsters are employed five years or more
  • The average commercial crime loss is $140,000, with many crimes totaling more than $1 million

End-to-end protection for employee theft, fraud, robbery, forgery, and more

The Hanover’s Fidelity & Crime Advantage offers a suite of broad fidelity and crime products to help protect your business. Together with our select Hanover agents, we offer the expertise you need to tailor fidelity and crime protection to your needs—and budget. Our industry-leading claim services and 24/7 reporting help you get back to business quickly after a loss.

Commercial & Governmental Crime is essential coverage for today’s businesses and offers affordable protection against:

  • Employee theft
  • Forgery or alteration
  • Theft, robbery, and burglary (inside the premises)
  • Theft and robbery (outside the premises)
  • Computer fraud
  • Funds transfer fraud
  • Fraudulent money orders and counterfeiting

Excess Crime—extends crime protection, offering additional amounts of coverage

ERISA Fidelity Bond—protects employee benefit plan assets from internal acts of fraud or dishonesty committed by the trustees or fiduciaries responsible for managing the plan

Investment Advisor ERISA Bond—provides protection for employee benefit plans in the care of an Investment Advisor as required by ERISA

Third-Party Off Premises—offers coverage for your client’s property when employees are providing services on the client's premises. These types of business service providers are especially at risk for third-party liability:

  • Business Consultants
  • Computer Consultants
  • Temporary staffing agencies
  • Contractors
  • Healthcare Services

Financial Institution Bonds—provides crime protection for banks, insurance companies, and other financial institutions