Welcome to LMBF Assurances
Even in the best managed businesses, fraud, dishonesty, and other criminal activities can happen. An employee who has been with you for decades — whom you would never suspect — may end up defrauding your business thousands of dollars. Unfortunately, it's an inherent risk in running a business. Insurance against crime or dishonest employee actions is generally not included in most standard policies, but every business still runs the risk of being a victim of fraud or a dishonest employee, even with rigorous background checks and checks. LMBF offers crime insurance solutions for businesses of all sizes, as a complementary or separate policy.
Business interruption insurance, or income loss insurance, is a business insurance rider that can be included as an option in your standard business insurance policy and covers various expenses during a period of forced closure due to an insurable event. These can include expenses such as income (based on past performance), employee salaries, taxes, rent, civil authority, training costs, relocation costs, and loan payments. Business interruption insurance is complementary, so it cannot be taken out as a standalone policy.
Your crime protection insurance may include coverage for professional fees that are reasonable and necessary to recover the amount of loss suffered as a result of the dishonest act or fraud.
Your crime insurance may include coverage for fraudulent actions taken by an employee that result in financial loss. This may include the forgery of documents, the counterfeiting of money or money orders, etc.
Your crime insurance may include coverage for the theft of money from an overnight deposit bag, cash register, or other physical storage entity inside and outside of your premises.
