Theft insurance provides protection for businesses against the loss or damage of property as a result of theft, burglary, or other criminal activity.Â
This policy covers the cost of replacing stolen or damaged property, and may also include coverage for any lost income resulting from the theft.Â
Theft insurance is essential for businesses that deal with high-value goods, such as jewelers, art dealers, and other similar businesses. It can also be a valuable policy for businesses that operate in areas with a high crime rate.