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Blanket Crime Policy

What Does Blanket Crime Policy Mean?

A blanket crime policy is an insurance policy that protects against various types of losses that come as a result of crime. It is frequently purchased by businesses and can protect against a variety of perils, including employee theft, forgery, and accidentally accepting counterfeit money.

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Insuranceopedia Explains Blanket Crime Policy

Crime can be very costly for businesses, and blanket crime policies can protect against crime-related losses. However, it has become more common for businesses to purchase commercial crime coverage instead. Commercial crime coverage is a very similar type of insurance policy, but it is structured differently.

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