Get Crime Insurance for Your Business
Protect your company from the financial fallout of theft, fraud, and other criminal acts against your assets or operations.
Why You Need Tech E&O Insurance
What Does Crime Insurance Cover?
Employee Theft
Employee Theft
Covers losses resulting from dishonest acts committed by employees, such as embezzlement or theft of company assets.
Forgery and Alteration
Forgery and Alteration
Protects against losses from the forgery or alteration of checks, drafts, promissory notes, or other financial instruments.
Computer Fraud and Funds Transfer Fraud
Computer Fraud and Funds Transfer Fraud
Covers losses from unauthorized computer-based transfers of funds and electronic fraud.
Money and Securities
Money and Securities
Provides coverage for the loss of money and securities due to theft, disappearance, or destruction, both on premises and in transit.
Robbery and Safe Burglary
Robbery and Safe Burglary
Protects against losses from robbery of a custodian or safe burglary, including damage to safes or vaults.
Extortion
Extortion
Covers losses from extortion threats against an organization, including demands for money with threats to harm employees, damage property, or divulge confidential information.
Who Needs Crime Insurance?
Retail Businesses
Crime insurance is crucial for protecting against losses from theft, burglary, or employee dishonesty impacting inventory and revenues.
Financial Institutions
Must have crime insurance to guard against losses from fraud, forgery, and cybercrime affecting client accounts and institutional assets.
Restaurants and Bars
Crime insurance is vital to cover cash theft, employee theft, and burglary, which are common risks in the hospitality industry.
Healthcare Providers
Need crime insurance to protect against theft of patient information, prescription drugs, and healthcare fraud.
Non-Profit Organizations
Crime insurance safeguards against embezzlement, theft of donations, and fraud, ensuring funds are used for their intended purposes.
Manufacturing Companies
Crime insurance is essential to cover theft of materials, equipment, or proprietary information critical to operations and competitiveness.
Construction Companies
Must have crime insurance to protect against theft of equipment and materials on job sites, as well as fraud or embezzlement by employees or contractors.
And More
Any business handling cash, sensitive data, or valuable assets can significantly benefit from crime insurance, especially those where internal or external theft, fraud, or other criminal activities could lead to substantial financial losses.
How Much Does a Crime Incident Cost?
| Incidents | Cost Without Insurance |
|---|---|
|
Employee Theft |
$10,000 - $500,000+ depending on the severity and duration of the theft |
|
Forgery & Counterfeiting |
$25,000 - $1,000,000+ depending on the type and scale of the forgery |
|
Computer Fraud |
$50,000 - $10,000,000+ depending on the nature of the attack, data compromised, and business interruption |
| Incidents | Cost Without Insurance |
|---|---|
|
Employee Theft |
$10,000 - $500,000+ depending on the severity and duration of the theft |
|
Forgery & Counterfeiting |
$25,000 - $1,000,000+ depending on the type and scale of the forgery |
|
Computer Fraud |
$50,000 - $10,000,000+ depending on the nature of the attack, data compromised, and business interruption |
Partnering with Founder Shield
We’re a risk management partner for high-growth companies across emerging markets, striving to create the most seamless, intuitive, and responsive insurance-purchasing experience powered by proprietary technology and insurance products.
Trusted by Venture
10,000+
Venture Backed Companies$33BN
Total Funding Raised by Clients70
NPS Score (Industry Avg = 34)How to Get Started
Submit an application and have our 1-1 advisor evaluate your startup’s unique vulnerabilities and potential liabilities.
Select tailored insurance policies that address your startup’s specific needs.
Connect with a trusted insurance provider and secure your startup’s future.
Testimonials
“I was referred to Founder Shield by a friend who works with technology-based startups as I do… Founder Shield was simple – go to the website, fill out the form, get a quote quickly, pay and Voila – you are insured. I need a highly rated insurer and they delivered… I highly recommend Founder Shield.”
“The Founder Shield team is a wonderful and supportive partner… Not only are they 100% devoted to insuring compliance, they provide continuous guidance. Our dedicated account manager is extraordinary – goes above and beyond to ensure all of our needs are met.”
“ Excellent and very reliable customer service. Founder Shield not only worked with us and helped us gain competitive insurance coverage in a field that is very new, they also went above and beyond in communicating directly with authorities to help us ease through the process of gaining permission to operate. ”
Case Studies
Employee Theft
Employee Theft
A retail store manager embezzled funds over a two-year period by manipulating cash register receipts and pocketing the difference. The stolen money totals $75,000. The store owner files a claim with their crime insurance to recover the stolen funds.
Data Breach
Data Breach
A healthcare provider experiences a cyberattack where hackers gain access to patient records containing sensitive medical information. The breach affects over 10,000 patients, and the healthcare provider faces regulatory fines and potential lawsuits from affected individuals. The provider files a claim with their crime insurance to cover the costs of data recovery, legal defense, and regulatory fines.
Forgery
Forgery
A construction company receives a fraudulent invoice for building materials from a seemingly legitimate supplier. The company pays the invoice of $20,000 before realizing it was a forgery. The construction company files a claim with their crime insurance to recover the lost funds.
Robbery
Robbery
A jewelry store is robbed at gunpoint. The thieves steal a display case containing precious gems and watches valued at $150,000. The store owner files a claim with their crime insurance to recover the stolen merchandise and cover any damage to the store during the robbery.
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