crime & fidelity insurance

Keep your business protected from criminals — including those lurking inside your company.

Crime, including employee theft, is a significant risk for all businesses and costs owners both time and money.

For some industries, such as retail, dishonest employees and shoplifting impact the profits of the affected companies. According to one retail theft survey, 23 major retailers across the U.S. apprehended over 1.1 million shoplifters and dishonest employees, recovering over $189 million from these thieves.

And the potential risk of crime doesn’t stop there. Employee dishonesty can also include embezzlement of company funds in addition to theft of property. Businesses are also vulnerable to other crimes, such as forgery or check alteration from outsiders, theft of money and securities by an outsider, burglary or robbery, and computer/online fraud.

Fidelity bonds to the rescue.

Martin Insurance Group offers businesses throughout New Jersey, Pennsylvania, and Connecticut, including companies and organizations in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA crime insurance, or a fidelity bond, to protect against fraud, theft, embezzlement, and other dishonest acts committed by bonded employees. Coverage is provided for exposures such as computer-based theft, loss of inventory, stolen money or securities and theft of client property.

A fidelity bond is typically provided either on a blanket- or schedule-bond basis. Large employers with many staff changes or organizations with many volunteers will find blanket bonds very useful. A schedule bond may be more suited for those with fewer employees who need to be covered. Employees who handle money or keep company financial records are often written under a schedule bond. A fidelity bond can also cover counterfeiting, forgery, credit card fraud, and the costs of investigations. Employees who handle employee benefit plans need to be covered with an ERISA bond, which covers at least 10% of the benefit funds the employee handles.

Call now to speak with a representative about crime insurance and fidelity bonds. Martin has the experience and expertise to protect you and your business. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.

Q. Why do I need crime & fidelity insurance?

A. If you own or are thinking about starting a business, having insurance coverage should be one of your top priorities — right after incorporation and a business plan.

Without specialized business coverage like crime & fidelity insurance, everything you put into a business could easily be wiped out with one accident, law suit, or other unplanned hardship. The Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), or specialized industry coverage like bakery insurance or even cyber liability coverage, we can help.

Q. Why should I buy crime & fidelity insurance from you?

A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are, we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.

Here are some additional reasons customers trust us for their commercial insurance needs:

We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.

We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.

We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.

Q. I already have crime & fidelity insurance. How do I know if it’s the right type or amount?

A. If you already have some form of crime & fidelity insurance, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.

Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.

Email: • Toll-Free: 800.353.5000 • Telephone: 609.356.1500
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