What is Crime and Fidelity/GlassPro?
Crime and Fidelity insurance, often marketed under specialized programs like GlassPro®, protects businesses from financial losses due to employee dishonesty, theft, or fraud. These policies are tailored for industries where internal theft or manipulation of assets poses a significant risk. The GlassPro component can also extend to cover physical damage to glass installations and related property coverage, depending on the policy design.
For example, if an employee at a glass installation company embezzles funds or steals expensive glazing equipment, a Crime and Fidelity policy may help cover the financial loss. This type of coverage supports risk management by providing a safeguard against internal operational hazards.
Who needs it
This coverage is especially important for contractors, glaziers, retailers, and organizations handling valuable materials like custom glass, storefront panels, or specialized tools. Operators with staff who manage cash, inventory, or sensitive customer data are particularly exposed to fidelity risks.
Programs like the GlassPro® Insurance Program are designed specifically for the glass and glazing industry, offering tailored protection that can include crime coverage.
What it typically covers
Coverage under a Crime and Fidelity/GlassPro policy may include:
- Employee theft of money, securities, or property
- Forgery or alteration of financial documents
- Computer fraud or funds transfer fraud
- Vandalism or breakage of glass due to criminal acts
These protections help mitigate liability exposures and allow organizations to recover more quickly from losses tied to dishonest acts or criminal damage.
Common exclusions or limitations
Policies often exclude losses not directly tied to employee dishonesty, such as inventory shrinkage without proof of theft, or damages resulting from war or government seizure. Glass breakage due to natural disasters may also fall outside of coverage unless added through a broader property policy.
As always, reviewing the underwriting factors and specific exclusions in your policy is essential to understand the scope of protection.
Factors that influence cost
Several factors impact the premium of a Crime and Fidelity/GlassPro policy, including:
- Number of employees and their roles
- Security systems and internal controls in place
- Annual revenue and volume of financial transactions
- Prior claims history and risk management practices
Contractors or organizations with high employee turnover or limited oversight may face higher premiums due to increased risk.
Proof of insurance & compliance
Clients or project managers often require proof of crime coverage for contract compliance. A certificate of insurance (COI) can validate that your organization holds active protection against employee dishonesty and related exposures. Keeping this documentation readily available is key to maintaining trust and fulfilling vendor requirements.
How to get a quote
To receive a customized quote that reflects your organization's size, operations, and exposures, complete our quick online form. We’ll connect you with insurance professionals who understand the unique needs of your industry.
Request a quote now and secure tailored protection for your business.
Frequently Asked Questions
What types of businesses typically need Crime and Fidelity insurance?
Businesses with employees who handle cash, inventory, or financial data—such as contractors, retailers, and service providers—should consider this coverage.
Is glass breakage always covered under a GlassPro policy?
No, breakage caused by accidents or natural disasters may not be covered unless specific property endorsements are included.
Does Crime and Fidelity insurance cover third-party theft?
Generally, this type of policy focuses on employee dishonesty. Theft by third parties may require additional crime or property coverage.
Can I bundle this coverage with other policies?
Yes, many insurers offer package policies that combine crime, property, general liability, and commercial auto coverage.
How quickly can I get proof of coverage?
Once your policy is active, a certificate of insurance can usually be issued within a day or two.
Still have questions? Talk to a local insurance expert.