Employee Dishonesty & Crime Insurance Solutions with LMBF

Even in the most well-administered businesses, employee fraud, dishonesty, and other criminal activities may still occur. You may have an employee that has been around for decades - one who you’d never suspect - who ends up defrauding your company for thousands. Unfortunately, this is just a risk of running a business. Crime or employee dishonesty insurance is generally not included in most standard policies, but every business still runs the risk of employee dishonesty and fraud even with rigorous background checks and screening. LMBF offers crime protection insurance solutions for enterprises of all sizes as an add-on or separate policy.

What Crime Protection Insurance Covers

Employee Dishonesty

Employee Dishonesty

Your crime insurance may include coverage for fraudulent actions undertaken by an employee of your business that results in financial loss. This may include falsification of documents, counterfeit money or money orders, etc.

Professional Fees

Professional Fees

Your crime protection insurance may include coverage for reasonable and necessary professional fees in order to recoup the amount of loss sustained due to dishonesty or fraud.

Loss of Money & Securities

Loss of Money & Securities

Your crime insurance coverage may include coverage should any money be stolen from a night deposit bag, cash register, or other physical storage entity inside and outside of your premises.

  What crime protection insurance covers
  • Employee dishonesty
  • Loss of property, money, and securities
  • Credit card fraud
  • Professional fees
  • Counterfeit money
  What crime protection insurance excludes
  • Physical damages
  • Uninsurable crimes
  • Undocumented income
  • Cyber liability

What is crime protection insurance?

Business interruption insurance, or loss of income insurance, is a commercial insurance rider that is optional to include with your standard business insurance package that includes coverage for various expenses during a period of forced closure due to an insurable event. This may include expenses such as income (based on previous performance), employee wages, taxes, rent, civil authority, training costs, relocation costs, and loan payments. Business interruption insurance is sold as an add-on, so it cannot be purchased as a standalone policy.

Crime and Employee Dishonesty Insurance For These Business Sectors:

Business crime can be a significant liability for any number of businesses, no matter their size or industry. Every business is susceptible to crime from its employees, so long as it has employees.
Financial Industry


  • Commercial banks
  • Insurance brokerages
  • Financial advisors
  • Accountants & bookkeepers
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Real Estate Industry

Real Estate

  • Estate agents
  • Real estate developers
  • Property management
More info
Construction Industry


  • HVAC construction
  • Commercial construction
  • Residential construction
  • Demolition
  • Electrical installers
  • Highway construction
More info
Maintenance Industry

Personal Services

  • Garage repair shops
  • Autobody stores
  • Auto servicing
More info
Education Industry


  • Online courses
  • Driving schools
  • Primary education
  • Universities
More info
Manufacturing Industry


  • Metal manufacturers
  • Autobody part manufacturers
  • Chemical manufacturers
  • Food manufacturers
More info
Transportation Industry


  • Airlines
  • Freight road transportation
  • Courier companies
  • Railways
  • Trucking companies
More info
Organizations Industry


  • Chairities
  • Organizations
  • Fundraisers
More info
Agriculture Industry


  • Hobby farms
  • Commercial farms
  • Beef farms
  • CBD plantations
More info
Entertainment Industry


  • Bowling alleys
  • Amusement parks
  • Theatres
  • Arcades
  • Minigolf
More info
Healthcare Industry


  • Occupational therapists
  • Counselors
  • Massage therapists
  • Dentists
More info
Retail Industry

Retail Industry

  • Liquor retail
  • Grocery retailing
  • Furniture retailing
  • Garden supplies retailing
  • Auto parts retailers
More info
Hospitality Industry


  • Hotels and motels
  • Travel agents
  • Lodging agencies
More info
Publishing Industry


  • Printers
  • Publishers
More info
Personal Care Industry

Personal Care

  • Hair salons
  • Weight loss services
  • Nail spas
  • Dry cleaners
More info
Wholesale Distribution Industry

Wholesale distribution

  • Agricultural machinery wholesale
  • Audio and video equipment retailers
  • Bakery product wholesale merchants
More info
Professional Services Industry

Professional Services Industry

More info

Our Crime Protection Insurance partners

Crime is a significant liability for companies of all sizes and can be a serious threat not only to your finances but to your reputation and credibility as a business. No business is vulnerable to crime, no matter how well their administration is nor how rigorously they screen their employees. To protect your business against a wide range of exposures to crimes, crime protection insurance can act as your fallback. LMBF partners with some of Canada’s top crime protection insurance carriers to help you get better coverage.

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Want to Get Started on Your Crime Insurance? Start with a Crime Protection Insurance Quote.

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Crime & Employee Dishonesty Insurance: Frequently Asked Questions

A: Crime and fidelity insurance is another way of referring to crime insurance and is designed to address the most common threats to organizations, including any financial losses due to employee dishonesty or fraud, computer theft and fraud, the disappearance and/or vandalism of property, credit card forgery, and so on.

A: Crime insurance is a broader form of commercial insurance policy that offers your business coverage against criminal activities that would otherwise result in financial loss. Crime insurance covers financial losses that come as a result of business-related crimes, so long as that crime is specifically covered by your policy. It might include forgery, robbery, employee theft, and even some acts of electronic crime.

A: It depends. Your crime insurance may depend on the size of your business, industry, projected or estimated annual revenue, the number of employees you hire, the risk or likelihood of a crime event, and your existing security measures to prevent or reduce the chance of crime.

A: Fidelity bonds are designed to protect your company against very specific fraudulent acts, but the coverage is practically the same as employee dishonesty insurance. Fidelity bonds are designed to protect businesses from crimes directly related to employee misdeeds. Employee dishonesty insurance protects you if employees attempt to steal money, property, or securities from your business.

A: Any business with employees may benefit from crime and employee dishonesty insurance. Crime insurance can protect your business if it is defrauded for a large amount of money - and businesses of all sizes, and from every industry, face the risk of being the victim of an act of employee dishonesty or fraud.

A: Crime insurance is still vital, even if your business rigorously screens and performs background checks on new employees. The fact is that employee fraud can happen to any business, and can even come from the employees that you least suspected. This isn’t to suggest that you should be suspicious of every employee, but having a backup (i.e, crime insurance) is a good idea to secure your business assets against financial loss.