When creating an insurance program for your company, one of the last things you may be thinking about is crime prevention and protection inside your business. However, cybercrimes are up, staff theft is on the rise, and employees stealing inventory is a growing problem around the world. You can protect yourself with an insurance crime endorsement as part of a business insurance package, or as standalone coverage. It is always best to be prepared before crime strikes.
According to industry experts at NorthStar Insurance, having commercial crime endorsements in one of the best ways for any business to address the known risk linked to property theft. The policy can provide protection against forgery, embezzlement, robbery, misrepresentation, and fraud. Depending on the type of coverage you secure, other business-related protection is also available.
If you are a small business owner, you have more to lose when an employee commits a crime than when employees execute fraud against a huge corporation. In fact, as business crime grew last year alone, the estimates were that United States companies suffered more than $420 billion in losses from internal crimes, system abuse, and fraud.
You do not have to wait until after crime strikes your company to guard against internal misconducts. Instead, protect yourself by purchasing a commercial crime endorsement.
Comprehensive financial planning today includes finding insurance protection that satisfies your needs. Whether you’re looking for personal or business coverage, NorthStar Insurance can tailor policies that meet your specific requirements in any of these areas.
From covering losses due to property or liability claims to crafting specialized coverages, NorthStar can work with you to determine your asset protection needs. Homeowners, automobile and income protection insurance are among the products that NorthStar Insurance offers.
NorthStar offers products in property, casualty and commercial insurance. Insurance solutions for the following categories are among the many coverage types available:
• Surety bonds
• Data breach/data privacy protection
• Workers compensation insurance
3. Employee Benefits
Matching the requirements of your company to the needs of your employees is a key factor in assembling benefit coverage intended to meet current and future conditions. NorthStar Insurance can advise both small businesses and large corporations in developing benefit plans and enhance their delivery with ongoing support.
4. Risk Management
While many providers focus on transferring business or personal risk through insurance alone, NorthStar can work with you to identify exposures before settling on strategy. Your situation may be addressed more appropriately through mitigating, financing or preventing risk altogether.
With a commitment to providing exceptional customer service and broadening industry expertise, NorthStar Insurance is dedicated to finding the best solution, terms and pricing for your specific needs.