A Commercial Crime policy protects the Insured’s money and other property against theft by employees. It also covers theft committed by non-employees through:
- Computer hacking
- Fraudulent transfer instructions
In addition the policy also covers
- The contractual penalties which businesses often face when they can't deliver as a result of the theft
- Malicious damage
The policy is not intended to cover ‘shrinkage’ where the loss cannot be attributed to a specific event.