Blanket Crime Policy
Definition - 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.
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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