Business Theft insurance
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What is Business Theft insurance?
Business Theft insurance pays for loss or damage caused by theft, or attempted theft, including (but not limited to) forcible entry into your building, a person being unlawfully concealed at the insured location, an armed hold up, assault or violent act, or visible entry into any locked cabinet, counter or showcase. Extensions are also provided which cover employee dishonesty, illegal EFTs from your bank account, and more.
Why do you need Business Theft insurance?
It also covers losses due to dishonest employees, ensuring the business isn’t financially burdened by internal theft.
Business Theft insurance helps the business recover quickly, reducing downtime and enabling continued operations after a theft. In cases where theft involves breaking and entering, theft insurance can also cover repair costs for damaged property.
Having Business Theft insurance helps to ensure your business is insured against potential theft-related losses, allowing you to focus your time and energy on growing your business.
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Key features of Business Theft insurance from Zest Insurance:
As well as to paying for loss or damage up to the applicable sums insured, our Business Theft insurance offers additional cover including (but not limited to)*:
Death Benefit
Paid to the estate of any person who suffers injury while protecting insured property and subsequently passes away from those injuries within 12 months.
Removal of debris and security
Data and record reproduction costs
Employee Dishonesty
Loss of insured property resulting from crime committed by an Employee acting alone or in collusion with others.
Illegal EFTs and Corporate Cards
Financial loss sustained from:
Locks or Electronic Security Systems
Costs relating to the necessary replacement or adjustment of locks or electronic security systems at the insured location following theft or accidental loss of keys or access cards.
* Please refer to the Zest Insurance policy documentation for full details of cover!
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Choose which cover you want, according to your business needs.
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Choose which cover you want, according to your business needs.
Search for your Business or Occupation to see your tailored cover.
Consider the impact theft could have on your business
Here are some examples of potential Business Theft insurance claims that illustrate how easily theft can impact small businesses**:
Marketing Consultant
Following a break in which appeared to focus on the theft of digital camera equipment from the agency studio, the Managing Director receives a call from her bank. Suspicious transactions have occurred, and it’s found that the company card usually reserved for paying utilities bills has been stolen, with the thieves making a range of high value, online purchases.
Bookkeeper
A bookkeeper’s office premises are broken into and the thieves unsuccessful attempt to break into the safe, damaging it in the process. They steal a petty cash box, two laptops and destroy many paper-based client records saved in a series of filing cabinets.
IT Consultant
After breaking into the office of an IT Consultant and stealing a range of IT equipment, the thieves leave the kitchen tap running. It’s a long weekend and the break in is not discovered for three days, leading to a hefty water bill.
Marketing Agency
Following a break in which appeared to focus on the theft of digital camera equipment from the agency studio, the Managing Director receives a call from her bank. Suspicious transactions have occurred, and it’s found that the company card usually reserved for paying utilities bills has been stolen, with the thieves making a range of high value, online purchases.
Bookkeeper
A bookkeeper’s office premises are broken into and the thieves unsuccessful attempt to break into the safe, damaging it in the process. They steal a petty cash box, two laptops and destroy many paper-based client records saved in a series of filing cabinets.
IT Consultant
After breaking into the office of an IT Consultant and stealing a range of IT equipment, the thieves leave the kitchen tap running. It’s a long weekend and the break in is not discovered for three days, leading to a hefty water bill.
** These examples are hypothetical, based on the types of scenarios that could potentially lead to a Theft insurance claim for a small business. All claims are assessed by Chubb on a case-by-case basis and are subject to the terms, conditions, exclusions and limits of the Chubb Multipack Policy Wording.
Explore insurance for your small business
Search for your business or occupation to view relevant Zest Insurance cover.
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