Commercial crime insurance covers a business's losses from employee dishonesty, theft, computer fraud, and funds-transfer fraud. Carriers, MGAs, and TPAs writing crime need a platform that handles ISO crime forms, sublimits, and discovery-versus-loss-sustained triggers.
Commercial crime insurance covers a business's direct loss of money, securities, and other property arising from employee dishonesty, theft, robbery, burglary, computer and funds-transfer fraud, forgery, counterfeit currency, and money-orders fraud. The personal-lines analog is the theft peril carved out under HO-3 / HO-5 contents coverage.
This page is a line-of-business reference for crime, fidelity, and theft carriers, MGAs, TPAs, and program administrators evaluating a policy administration platform for ISO crime forms and proprietary fidelity programs.
A commercial crime policy is structured as a series of insuring agreements: employee theft, forgery or alteration, inside the premises (theft of money), outside the premises, computer fraud, funds-transfer fraud, and money-orders/counterfeit-currency.
The platform has to track each insuring agreement with its own limit, retention, and rating — and recognize that some accounts buy only a subset.
Most commercial crime is written on the ISO CR 00 20 (commercial crime, discovery form) or CR 00 21 (commercial crime, loss-sustained form). The discovery form pays for losses discovered during the policy period; the loss-sustained form pays for losses occurring during the policy period and discovered within a stated number of months after.
Mercury's configurable forms library supports both triggers, retroactive-date validation on loss-sustained forms, and version control across the ISO CR set.
Crime underwriting is driven by the account's internal controls: segregation of duties, dual signatures, audit cadence, prior fidelity claims, and class of business.
Mercury's configurable underwriting workflow supports application-driven internal-controls scoring, declination rules for high-risk classes, and integration with third-party background-check vendors through the API-first architecture.
Special-purpose fidelity products include ERISA bonds required of plan fiduciaries and financial-institution bonds for banks and credit unions. They follow their own forms (Surety Association SFAA / Surety & Fidelity SFAA bond forms) and rating.
Mercury's configurable forms library supports ERISA, FI-bond, and proprietary fidelity products on the same policy administration tenant, with product-specific rating and underwriting workflows.
Does Mercury support both discovery and loss-sustained triggers on commercial crime?
Yes. Mercury's configurable forms and underwriting rules support ISO CR 00 20 discovery and CR 00 21 loss-sustained triggers, including retroactive-date validation on loss-sustained policies.
Can Mercury rate crime policies with separate per-insuring-agreement sublimits?
Yes. Mercury's product configuration supports per-insuring-agreement limits, retentions, and rating, with field-level validation through the policy lifecycle.
Does Mercury support ERISA bonds and financial-institution bonds?
Yes. Mercury's configurable forms library supports ERISA bonds, FI bonds, and proprietary fidelity products on the same policy administration tenant.
