What type of coverage might a business consider to protect against losses from theft?

Business theft can pose significant financial risks, and it is essential for companies to have appropriate protection against such losses. Crime insurance is specifically designed to cover various types of theft that can occur within a business. This may include employee dishonesty, robbery, burglary, and even forgery. By having crime insurance, a business can mitigate the financial repercussions of stolen property or funds, which is crucial for maintaining operational stability and security.

Liability insurance primarily protects against claims made by third parties for injuries or damages caused by the business’s operations, but it does not cover theft or loss of property. Property damage insurance focuses on damage to physical property due to certain perils like fire or storm, yet it does not extend to losses from internal or external theft. Workers’ compensation insurance is intended to cover medical costs and lost wages for employees who suffer job-related injuries, making it unrelated to theft coverage.

Thus, crime insurance stands out as the most appropriate choice for businesses aiming to safeguard themselves from financial losses resulting from theft.