Why Take Out Commercial Crime Insurance?
The LAUW stand-alone Commercial Crime product offers a comprehensive crime solution offering broader coverage that is normally available under market Management Liability policies.
The product offers 8 Insuring Clauses and a very broad definition of Property.
Clauses are:
Employee theft
3rd party theft through Robbery
Extortion
Forgery
Computer Fraud
Funds Transfer Fraud
Social Engineering Fraud to a max sub-limit $500,000
Data and Property Damage Costs resulting from Robbery
Commercial Crime Insurance
LAUW has a broad industry appetite in this area with very few excluded industries. Industries that are excluded:
Cannabis
Adult Entertainment
Gambling
Crypto Exposure
Commercial Crime