CRIME INSURANCE FOR ATTORNEYS
Make sure crime does pay. Protect your firm from theft or forgery.
What is Commercial Crime Insurance?
Protect your firm from loss due to theft.
Your client's data and any funds you are responsible for can be desirable to external, or third-party, digital theft and cybercrime.
Designed to stand alone or build on coverage provided by your Business Owner's Policy or commercial policy, crime insurance can protect your firm from any losses due to theft, fraud, or burglary committed by your employees or outside entities.
Should a Law Firm Carry Crime Insurance?
Attorneys tend to be very careful when hiring employees and new attorneys. We place a lot of trust in other members of the firm and put internal and external oversight risk management controls in place. That should let you feel confident that your firm has every protection in place to prevent theft and fraud.
Unfortunately, no firm is safe when it comes to occupational fraud and abuse. Fraud can happen in any firm, at any time, so it is important to have the right Crime coverage in place.
A Commercial Crime Insurance policy should be carried if:
- Your employees have access to any funds, data, or client information
- Your firm uses any funds transfers
- Your firm maintains any social media, or online, presence
What does Commercial Crime Insurance for Law Firms typically cover?
Policy coverage for:
- Partner or Employee Theft from the firm
- Theft or Disappearance of Money or Securities
- Forgery
- Computer Fraud
- Funds Transfer or Wire Transfer Fraud
- Money Order or Counterfeit Currency Fraud
- Credit Card Fraud (for misuse of corporate cards)
- Theft by Partners or Employees from Clients