Blue Pearl
I have had an incredible experience with Harrison Insurance and Jennifer in particular. She is true professional and handles all questions and concerns in a timely and kind manner. I’m so glad I switched my auto and renters policy to Erie and Harrison insurance.
Blue Pearl
2024-04-06
Madisyn Massucci
Jennifer has been nothing but helpful and cooperative during our correspondence.
Madisyn Massucci
2024-03-26
Kayla Courtois
Fantastic customer service! Very knowledgeable, patient, and friendly. We were a new business starting up with absolutely NO clue what to do. Fred made the process very simple and got us the coverage we needed in a field that is hard to get coverage in!
Kayla Courtois
2024-03-22
Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
2022-12-27
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
2022-03-04
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow
2022-01-11

Understanding Business Insurance Coverage for Theft

Business theft

Understanding Business Insurance Coverage for Theft

As a business owner, you have a lot on your plate. From managing employees to keeping up with finances, it can be overwhelming to think about all the potential risks your business may face. One of the biggest concerns for business owners is theft. Whether it’s a break-in, employee theft, or cyber theft, it’s important to understand how your business insurance can protect you. In this article, we’ll discuss the basics of theft insurance and how it applies to your business.

What is Theft Insurance?

Theft insurance, also known as crime insurance, is a type of coverage that protects your business from financial losses due to theft or fraud. This can include stolen merchandise, money, or property. It can also cover losses from employee theft, forgery, and computer fraud. Depending on your policy, theft insurance may also cover the cost of repairing any damage caused by the theft.

Does Business Insurance Cover Theft?

The answer to this question depends on the type of business insurance you have. Most general liability policies do not cover theft, so it’s important to have a separate theft insurance policy. However, some business owners may have a business owner’s policy (BOP) which includes theft insurance as part of the package. It’s important to review your policy and speak with your insurance agent to understand what is covered and what is not. We are here to help if you want to check your coverage options.

Types of Theft Insurance

There are several types of theft insurance that you can add to your business insurance policy. These include:

  • Employee Theft Insurance: This covers losses due to dishonest employees, such as theft of money or merchandise.
  • Forgery or Alteration Insurance: This covers losses due to forged or altered checks, credit card transactions, or other financial documents.
  • Computer Fraud Insurance: This covers losses due to fraudulent electronic transfers or hacking.
  • Robbery and Burglary Insurance: This covers losses due to physical theft, such as a break-in or robbery.

How to Protect Your Business from Theft

While having theft insurance is important, it’s also crucial to take preventative measures to protect your business from theft. Here are some tips to improve your business security:

  • Install security cameras and alarms: These can act as a deterrent for potential thieves and can also provide evidence in case of a theft.
  • Conduct background checks on employees: This can help prevent employee theft and fraud.
  • Keep track of inventory: Regularly check your inventory to ensure that everything is accounted for.
  • Train employees on security protocols: Make sure your employees know how to properly handle cash, merchandise, and sensitive information.

Conclusion

Having theft insurance can be a good option for protecting your business from financial losses due to theft. Make sure to review your policy and speak with your insurance agent to understand what is covered and what is not. Additionally, taking preventative measures such as installing security systems and conducting background checks can help reduce the risk of theft for your business. By understanding your coverage and taking necessary precautions, you can have peace of mind knowing that your business is protected.

Share