Crime
Whether employees steal from you, a thief robs your armored car, or you receive a forged check or fraudulent wire transaction, money theft happens in many ways. Crime insurance guards your cannabis company against damages from these particular crimes.
Who is Crime Insurance for?
Money theft impacts businesses of all sizes and developments. Plus, it manifests in many ways. Sometimes employees steal from the cashbox, or a thief robs your armored car while it’s in transit. Other times, your cannabis company might receive a fraudulent wire transfer or a forged check. No matter how money theft happens, it’s often incredibly damaging to businesses.
Lamentably, according to the Association of Certified Fraud Examiners report that US businesses will lose an average of 5% of their gross revenues to fraud alone. Crime insurance steps in to help protect your company against such devastating loss. This policy reimburses for losses of money, securities, and other tangible property.
Dispensaries
Dispensaries face similar risks as other brick-and-mortar retailers, serving as the consumers’ first interface with brands.
Delivery Companies
Cannabis delivery companies are in higher demand now than ever and face more risks than ever before.
Financial Services
The financial services industry focuses on managing money and assets, from investing to lending.
Why you need Crime Insurance?
Helps cannabis companies recover from cybercrime
Protects your company from employee theft
Safeguards against social engineering
37%
Insider perpetrators cause over 37% of all commercial crimes.
1 in 3
Lack of controls contributes to 1 in 3 cases of internal fraud.
$350K
Embezzlement cases average roughly $350,000 in losses per incident.
What does Crime Insurance cover?
Crime insurance steps in to help protect your company against devastating blows, reimbursing for losses of money, securities, and other tangible property from criminal activity.
What Crime Insurance Does Not Cover
What Crime Insurance Does Not Cover
Crime Insurance Claim Examples?
Cash Drawer
An employee skims the cash drawer at the end of their shift.
Burglary
A burglar breaks into a dispensary to steal products and money.
Forged Check
An employee accidentally accepts a forged check or counterfeit money from someone.
Crime Insurance FAQ’s?
Businesses of all sizes benefit from Crime Insurance. Plus, the premium amount will vary greatly according to multiple factors. Please contact us today for a quote.