Can business insurance cover employee theft?

Business Insurance Coverage for Employee Theft in New Hampshire

In New Hampshire, business insurance can include coverage for employee theft, but it typically requires specific policies designed to address this risk.

Types of Insurance Covering Employee Theft

• Employee Dishonesty Bond: This is a common form of coverage that protects businesses against losses caused by fraudulent acts of employees, including theft of money, securities, or property.
• Crime Insurance: Broader than dishonesty bonds, crime insurance policies can cover various criminal acts including employee theft, forgery, and burglary.

Operational Considerations for New Hampshire Businesses

• Policy Selection: Evaluate your business exposure to employee theft and choose a policy that aligns with your risk level and operational size.
• Recordkeeping: Maintain accurate and detailed financial and inventory records to support any claims and to deter theft.
• Employee Classification: Properly classify employees to ensure coverage applies appropriately, especially for positions with financial responsibilities.
• Compliance and Reporting: Regularly review insurance requirements and reporting obligations to stay compliant with New Hampshire regulations.
• Integration with Payroll and Bookkeeping: Use automated systems to monitor transactions and flag suspicious activities early.

Additional Tips

As of 2026, confirm with your insurance provider the exact terms and limits of employee theft coverage. Policies may vary, and some may require specific endorsements or higher premiums for comprehensive protection.