Farmers® agents are small business owners, too, and understand the challenges of protecting your company from people with negative intent. They can show you insurance coverage options to help address a variety of risks like these — low-tech and high-tech
Here are just a few ways you can personalize a Farmers policy to help manage typical risks:
Employee dishonesty
Risk:
While reviewing bank statements from the last few months, you discover someone wrote checks worth thousands of dollars to a vendor you don’t use.
Coverage:
Employee dishonesty coverage can help if employees steal from your company — whether on their own or with the help of outsiders.
Theft
Risk:
Your deposit bag is stolen from a messenger on her way to the bank — and contains more cash than usual because it’s your company’s busiest time of the year.
Coverage:
Money and securities theft (external) coverage can help if money and securities are stolen while they’re in the care of anyone covered by your policy.
Counterfeit currency
Risk:
You accept what appears to be a perfectly legitimate money order. A few days later, your bank tells you it was counterfeit and immediately debits your account.
Coverage:
Money order and counterfeit paper currency coverage can help if you accept counterfeit bills or money orders as payment.
Forgeries
Risk:
Although addressed to your business, a batch of newly printed checks are delivered to someone else — who uses several of your checks to pay for expensive electronic equipment.
Coverage:
Forgery and alteration coverage can help when checks are fraudulently written, altered or signed.
Data breaches
Risk:
A hacker gains access to your computer system and steals your customers’ credit and debit card information.
Coverage:
Cyber liability and data breach response coverage can help you investigate a breach and manage negative effects on your company’s reputation. It also helps you notify consumers and provide them with credit monitoring service for a period.
Some popular business insurance options
Crime coverage is just one component in a full menu of business insurance options available from Farmers. Your agent can also discuss coverage options for other possible risks like:
Risk:
Coverage:
A client is at your office for a meeting when he trips on a carpeting seam and sprains his wrist in the fall.
Business liability insurance can help with medical and legal costs, and damages resulting from lawsuits if you’re legally liable for an injury on your premises.
Your shop must close for several weeks to repair damage from a fire — you aren’t able to earn business income until you open again.
Business income coverage can help when a covered event interrupts your company’s income.
While making deliveries in a company van, your employee causes a collision injuring the leadership team of a technology start-up. The limits of your commercial auto policy won’t cover their salaries while they recuperate.
Business umbrella coverage can help by adding an extra layer of liability coverage. It begins when the limits of an underlying liability policy are reached, and can be purchased in $1 million increments up to $10 million.
Risk:
A client is at your office for a meeting when he trips on a carpeting seam and sprains his wrist in the fall.
Coverage:
Business liability insurance can help with medical and legal costs, and damages resulting from lawsuits if you’re legally liable for an injury on your premises.
Risk:
Your shop must close for several weeks to repair damage from a fire — you aren’t able to earn business income until you open again.
Coverage:
Business income coverage can help when a covered event interrupts your company’s income.
Risk:
While making deliveries in a company van, your employee causes a collision injuring the leadership team of a technology start-up. The limits of your commercial auto policy won’t cover their salaries while they recuperate.
Coverage:
Business umbrella coverage can help by adding an extra layer of liability coverage. It begins when the limits of an underlying liability policy are reached, and can be purchased in $1 million increments up to $10 million.
Farmers works to build strong customer relationships
Farmers has spent 90 years putting customers first. Are you shopping for coverage, or do you have a question about your policy? Maybe you’re ready for a commercial crime insurance quote. Be sure to let a Farmers agent deliver personalized service and support.
You’ll experience a similar level of care from our knowledgeable claims representatives, who will provide assistance as quickly as possible.
Contact an agent today to discuss how Farmers can do help you minimize risk from crime.
This material is for general informational purposes only. This material may not reflect your particular circumstances. None of the companies comprising the Farmers Insurance Group of Companies®, or their employees or agents provide tax or legal advice. Always consult your own accountant, attorney or tax adviser as to the tax, financial, or legal consequences or advice on any particular transaction. Not all products, coverages, & discounts are available in every state. Restrictions, exclusions, limits, and conditions apply.
Customizable options, personalized advice
Talk to a Farmers® agent about coverage to help you protect your business.
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Who is Covered by My Business Insurance?
Your business policy can cover a wide range of people who have an interest in your company or perform work on its behalf. The coverage provided by your policy helps you protect yourself and others with an ownership stake in the company. In other words, a single business policy can cover the interests of all owners.
What Does Business Liability Insurance Cover?
Congratulations on the new business! Looking into business insurance options is a smart move. Business liability insurance coverage can help you pay legal costs when someone — such as a customer or visitor — is hurt or suffers property damage and blames you and your business. If your company is found to be at fault, your business is legally responsible for the costs.
