Small Business Crime Insurance Comprehensive Solution

Are your small business clients receiving adequate crime protection?

Great American Insurance Group, America’s 3rd largest provider of fidelity/crime insurance products, is proud to introduce our new streamlined crime insurance solutions tailored to help protect small businesses with up to 250 employees. Coverage provided by A.M. Best “A+” (Superior) rated carriers.

Fidelity / Crime Division Small Business Crime Insurance Solutions

When it comes to fighting fraud, many small businesses face an uphill battle.

  • Small businesses* are the most common victims of fraud accounting for 30% of all cases.
  • Small businesses* feel the impact of fraud losses more than larger organizations sustaining median loss of $140,000 with 23.2% of fraud losses totaling $1 million or more.
  • Employee theft is 15 times greater than external theft of embezzlement.
  • Common fraud schemes plaguing small businesses* include billing fraud, check tampering, expense reimbursement, cash embezzlement, and payroll fraud.

*Small businesses are defined as organizations with fewer than 100 employees. Resources: Association of Certified Fraud Examiners Report to the Nations on Occupational Fraud and Abuse (2016 Global Fraud Study)

Key Advantages of Small Business Crime Insurance

  • Competitive rates specific to small business exposures: Minimum premium starting at $100.
  • Our industry recognized outstanding underwriting expertise and claims service backing it all.
  • Limits available up to $3 million.
  • Broad appetite with few restricted classes ERISA coverage included or available on a stand-alone basis.
  • Comprehensive crime insurance coverage solution in comparison to limited coverage typically found within package policies.
  • Multi-year term options available.

Target Classes

  • Retail: Apparel/Footwear Stores, Gift/Souvenir Stores, Food/Grocery Stores, Online Retailers, Salons/Spas.
  • Food & Drink: Catering/Food Service Operators, Coffee Shops, Craft Breweries/Distilleries, Confection/Novelty Shops, Restaurants.
  • Entertainment: Entertainment Venues, Experience Marketing, Hotels/Lodging, Movie Theatres, Performing Arts Organizations.
  • Professional Services: Accountants, Advertising/Marketing/PR Firms, Management Consulting Firms, Professional Associations, Trade Groups.
  • Technology: Computer Programming, IT Firms/Consulting, Software Developers, Website Developers.
  • Sports & Recreation: Dance/Gymnastics Studios, Golf Clubs/Courses, Gym/Fitness/Wellness Centers, Outdoor Recreation Provers, Sports Leagues/Clubs, Yoga Studios.
  • Construction: Architect/Engineering Firms, Construction Consultants, Environmental Consultants, General/Specialty Contractors, Janitorial/Maintenance Services, Landscaping Services.
  • Employee Benefits Plans: Qualified ERISA Plans of any Sponsored Organization

Restricted Classes

  • Auction/Asset Disposal
  • Auto Dealers/Repair Shops
  • Cannabis/CBD Shops
  • Casinos/Gaming
  • Check Cashers/Couriers
  • Financial Institutions
  • Home Health/Assisted Living
  • Hospitals/Healthcare Providers
  • Jewelry Stores
  • Law/Escrow Firms
  • Mining/Metals
  • Pawn/Resale Shops
  • Payroll Processors
  • Plumbing/HVAC/Elec Contractors
  • Public Entities
  • Third Party Administrators
  • Transportation Providers
  • Trucking/Logistics
  • Warehouse/Storage
  • Waste Management/Recycling

Have a question about our products and services?

Check out our Online Quoter

Fidelity / Crime Division’s Online Quoter How-to Video