Crime Insurance
Protecting Alabama Businesses From the Threats That Come From the Inside Out.
Most business owners spend a lot of time thinking about external threats — break-ins, natural disasters, liability claims. What they don’t always plan for is the threat that originates inside their own organization. Employee theft, check forgery, wire fraud, and embezzlement are among the most financially damaging events a business can face — and they are far more common than most owners expect. At Mythic Insurance, we help Alabama businesses put commercial crime coverage in place before they need it, so a trusted employee’s bad decision or a sophisticated fraud scheme doesn’t unravel everything they’ve worked to build.
Theft Comes From Within.
Studies consistently show that the majority of business theft is committed by employees — not outsiders. Commercial crime insurance covers losses caused by employee dishonesty, including the theft of money, property, and securities by people your business trusted with access.
Fraud Takes Many Forms.
Forged checks, altered financial documents, fraudulent wire transfer instructions, and vendor impersonation schemes are all forms of crime that standard property and liability policies do not cover. Crime insurance is specifically designed to address the financial losses these schemes produce.
Digital Crime Is Real Crime.
Cybercriminals increasingly target businesses through fraudulent fund transfer requests, phishing schemes, and unauthorized account access. Commercial crime insurance can extend to cover computer fraud and funds transfer fraud — the digital threats your other policies likely leave unaddressed.
Peace of Mind Against Every Form of Financial Crime
The Threat You Didn't See Coming
The most damaging crime losses in business don't usually involve a forced entry or a smashed window. They involve a trusted bookkeeper quietly redirecting funds for years, a manager approving fraudulent invoices from a shell company, or a forged check slipping through accounts payable undetected. By the time these schemes are discovered, the losses can be staggering — often reaching into six or seven figures. Commercial crime insurance is the coverage that steps in when the threat came from somewhere you never expected.
Your Standard Policies Have a Blind Spot
General liability insurance protects against third-party claims. Commercial property insurance covers physical assets damaged by covered perils. Neither of them covers financial losses caused by employee dishonesty, internal fraud, or criminal schemes targeting your accounts. That blind spot is exactly where crime insurance operates — filling the gap that virtually every other commercial policy leaves open. Without it, the full weight of a criminal loss falls directly on your business.
Every Business That Handles Money Is a Target
It doesn't matter whether your business is a small family-owned retail shop, a mid-sized professional services firm, or a large nonprofit organization — if money flows through your operation, the risk of financial crime exists. Businesses that process high volumes of transactions, maintain significant cash on hand, handle client funds, or employ multiple people with financial access are particularly exposed. Commercial crime insurance is not a luxury for large corporations. It is a practical necessity for any Alabama business that can't afford to absorb a significant theft or fraud loss on its own.
⭐⭐⭐⭐⭐ What Our Clients Are Saying
"We discovered that a long-term employee had been skimming cash from our registers for over two years. By the time we caught it, the loss was close to $40,000. Our crime insurance policy covered the majority of it. Without that coverage, I honestly don't know if we would have survived it financially. Mythic had recommended the policy during a routine review — I'm incredibly glad we listened."
"Someone impersonated one of our vendors and sent us fraudulent wire transfer instructions by email. We transferred a significant amount before we realized what had happened. Our crime policy's funds transfer fraud coverage reimbursed us for the loss. It was a scheme I had never even heard of before it happened to us. Mythic made sure we had the right coverage in place, and it made all the difference."
"As a nonprofit, we handle donor funds and grant money with very tight accountability standards. Mythic helped us understand that our general liability policy offered zero protection against internal fraud or employee dishonesty — which is a real risk for organizations like ours. They set us up with crime coverage that satisfies our board's requirements and gives our donors confidence that their contributions are protected."
What Is Crime Insurance — and What Does It Actually Cover?
Commercial crime insurance is a specialized business insurance product designed to protect organizations against financial losses caused by criminal acts — primarily those involving dishonesty, fraud, theft, and forgery. It is distinct from every other form of commercial coverage in a critical way: it is specifically built to address losses that originate from intentional wrongdoing, whether by employees, third parties, or a combination of both.
Employee theft is the most commonly claimed coverage under a commercial crime policy. It covers direct financial losses your business suffers as a result of an employee — or a group of employees acting in collusion — stealing money, property, or securities. This includes cash theft, inventory theft, payroll fraud, and expense account abuse. The coverage applies whether the theft occurred on your premises, at a client location, or through financial account manipulation.
Forgery and alteration coverage addresses losses caused by forged checks, fraudulent endorsements, and altered financial instruments. If a forged check clears your bank account or an employee alters a payment document to redirect funds, this coverage compensates your business for the resulting loss.
Funds transfer fraud is one of the fastest-growing areas of commercial crime exposure. It covers losses that result when a criminal — posing as a legitimate vendor, employee, or executive — sends fraudulent instructions to your business or your financial institution directing the transfer of funds to an account they control. These business email compromise schemes have cost businesses across the country billions of dollars in recent years, and they are specifically excluded from standard property and cyber liability policies.
Computer fraud coverage extends protection to losses caused by unauthorized access to your computer systems that results in the theft or transfer of money or securities. This is separate from cyber liability insurance, which addresses data breach costs and notification obligations — computer fraud coverage under a crime policy is focused on the direct financial loss resulting from the unauthorized computer activity.
Money and securities coverage protects against the theft of cash, checks, and securities from your business premises or while in transit. This is particularly relevant for businesses that regularly handle large amounts of cash or negotiable instruments and need coverage for losses that occur both on-site and during transport.
Commercial crime policies can also be structured to cover client property in your care, losses caused by third-party fraud, and — in some cases — social engineering losses, where an employee is manipulated through deception into authorizing a fraudulent transaction.
What crime insurance does not cover is equally important to understand. It does not cover property damage, bodily injury, or cybersecurity costs related to a data breach — those require separate policies. It also typically excludes losses discovered after a certain time has passed following policy expiration, which makes timely reporting of suspected criminal activity critical.
At Mythic Insurance, we evaluate your specific business operations, your financial controls, your employee access levels, and your transaction volumes before recommending crime coverage. The right policy limits are determined by the actual financial exposure your business carries — not a generic round number.
Our Approach
Vigilant. Specific. Built Around Your Financial Exposure.
Identify Where Your Business Is Vulnerable
Before recommending crime coverage, we take a close look at how money moves through your business — who has access to financial accounts, how transactions are authorized, what internal controls are in place, and where the gaps are. That assessment determines which crime coverage components you actually need and at what limits.
Structure Coverage That Matches the Real Risk
Crime insurance isn't one-size-fits-all. A retail business with high cash volume has different exposures than a professional services firm processing client fund transfers. We work with multiple carriers to find the policy structure that addresses your specific vulnerabilities — without paying for coverages that don't apply to your operation.
Stay Ahead of Evolving Threats
The methods criminals use to target businesses change constantly. Wire fraud schemes, vendor impersonation, and check washing are all growing problems that require coverage structures that keep pace with how crime is actually being committed. We review your crime coverage regularly to make sure it reflects the threat landscape your business faces today.
Why Mythic Insurance for Your Crime Coverage?
Independent Advantage
Crime insurance terms, sublimits, and exclusions vary significantly across carriers. Because we work with multiple insurers, we can identify the policy that offers the broadest coverage definitions, the most relevant crime categories, and the fewest restrictive exclusions for your specific type of business.
Claims Support When It's Most Sensitive
A crime claim is unlike any other insurance claim — it often involves internal investigations, law enforcement, forensic accounting, and difficult conversations about trusted employees. We help you navigate that process with discretion and expertise, making sure your claim is documented thoroughly and submitted correctly from the start.
Risk Assessment Built Into the Process
We don't just sell you a policy and move on. We help you understand where your financial controls are strong and where they leave you exposed — so you're not just insured against crime losses, but actively managing the conditions that make them more or less likely.
Local Alabama Expertise
We serve businesses across Alabama and understand the industries, business structures, and financial environments that create crime exposure in this market. Whether you operate a healthcare practice in Birmingham, a wholesale business in Montgomery, or a nonprofit in Huntsville, we bring relevant local knowledge to every crime coverage conversation.