When you think of “Crime Insurance,” your mind might jump to a Hollywood-style heist, but for a business in Skaneateles, the reality is usually much closer to home. At Delmonico Insurance Agency, we’ve seen that the biggest threats often come from a keyboard or a trusted employee’s desk rather than a smashed window.
Standard property policies are great for physical damage, but they often leave a gaping hole when it comes to the loss of money, securities, or inventory due to dishonesty.
The “Hidden” Risks to Your Cash Flow
Whether you’re running a retail shop on Genesee Street or a professional firm overlooking the lake, “internal” crime is a rising concern. Most business owners don’t realize that a standard General Liability policy typically excludes losses caused by your own employees.
We help you bridge that gap with coverage that targets:
- Employee Dishonesty: When a trusted staff member embezzles funds or steals inventory over a long period.
- Forgery or Alteration: Protection if someone checks your outgoing mail, alters a business check, or forges your signature.
- Computer & Funds Transfer Fraud: If a hacker gains access to your banking credentials and wires your operating capital to an offshore account.
- Money and Securities: Coverage for “cold hard cash” that disappears from your safe, your cash register, or even while being transported to the bank.
Why Skaneateles Businesses Choose Specialized Crime Coverage
The “small town” feel of Central New York is one of our greatest assets, but it can also lead to a false sense of security. Fraud often goes undetected for years because the perpetrator is someone you know and trust.
At Delmonico, we offer two main ways to secure this:
- A Commercial Crime Policy: A robust, standalone contract for businesses with high volumes of cash or complex digital footprints.
- A Crime Endorsement: For smaller operations, we can often “tack on” specific theft and forgery protections to your existing Business-owners Policy (BOP) to keep things cost-effective.
Strengthening Your Defenses
Insurance is your safety net, but we also want to help you avoid the claim in the first place. When we review your risk, we look for simple “checks and balances” like:
- Dual Signatures: Requiring two people to sign off on large checks or wire transfers.
- Regular Audits: Surprise inventory counts or third-party bank reconciliation.
- Background Checks: Standardizing the hiring process to ensure you know who is handling your books.
Protect Your Bottom Line Today
Don’t let a single bad actor or a clever phishing scam derail the business you’ve spent years building. The cost of a Crime policy is a small price to pay for the peace of mind that your capital is secure.
Want to see where your business might be vulnerable? Give us a call at our Skaneateles office or click over to our quotes page.. We’ll help you lock down your assets without any of the typical insurance headaches.