Comprehensive Crime Endorsement
Definition - What does Comprehensive Crime Endorsement mean?
A comprehensive crime endorsement is an endorsement to a commercial package policy that can provide insurance coverage for a wide range of criminal activity for a business. Crimes that a comprehensive crime endorsement can protect against include forgery, theft, multiple types of fraud, and the use of illegal counterfeit money.
Insuranceopedia explains Comprehensive Crime Endorsement
Employee dishonesty and other business related crimes can cause businesses to sustain significant losses. This is why many business owners chose to purchase a comprehensive crime endorsement. Such endorsements are commonly added on to commercial package policies that may also include coverage for things like property and liabilities. Businesses that have many employees who handle money, such as banks, may be at particular risk for employee dishonesty crimes. So comprehensive crime endorsements may be particularly useful for such businesses.