Commercial Crime Insurance
Not every loss comes through the front door. Commercial crime insurance covers employee dishonesty, theft, embezzlement, forgery, and fraud — closing the gap that jewelers block and standard policies leave for inside jobs.
Commercial Crime Insurance for Jewelers
Industry studies consistently show that a significant share of jewelry losses are internal — committed by employees, not outside burglars. Commercial crime insurance (also called employee dishonesty or fidelity coverage) protects your business from theft and fraud committed from the inside.
What's Covered
- Employee theft & dishonesty: Stock or cash stolen by employees
- Embezzlement: Manipulation of books, inventory, or accounts
- Forgery & alteration: Fraudulent checks or financial instruments
- Funds transfer fraud: Fraudulent electronic transfers from your accounts
- Money & securities: Loss of cash from inside or outside the premises
- Computer fraud: Theft of money or property through fraudulent system access
Why Jewelers Are Exposed
Jewelry is small, valuable, and liquid — the easiest inventory in retail to walk out the door unnoticed. Combine that with trusted employees who have access to the safe, the repair bench, and the books, and the internal-theft exposure is real. Jewelers block may include limited employee dishonesty, but a dedicated commercial crime policy provides broader limits and clearer terms.
Layering with Jewelers Block
Many jewelers block policies cap or sub-limit employee theft. A standalone commercial crime policy lets you carry an adequate limit specifically for internal loss — and adds protections like funds transfer fraud and forgery that jewelers block doesn't address.
What's Covered
Frequently Asked Questions
Many jewelers block policies include only a small sub-limit for employee dishonesty, if any. Because internal theft is one of the largest loss categories in the jewelry trade, a dedicated commercial crime policy with an adequate limit is strongly recommended.
It protects you when a criminal fraudulently induces a transfer of money from your bank account — for example, through a spoofed vendor email or compromised credentials. It's an increasingly common loss that property and block policies don't address.