Why would a community association need crime coverage?

• The average loss to small employers as a result of theft by employees is $120,000.
• The average fraud scheme lasts between one and two years before it is detected.
• In over 40% of these types of losses, the funds were never recovered.
• Coverage carried by a property manager will no offer protection if the Association's own officers or employees steal funds.
• A property manager's crime policy may share the policy limit among all its clients, potentially resulting in insufficient limits of the Association.
• Governing documents for an Association often require this coverage to protect the homeowners.

All Access has a solution for Community Associations. We have partnered with USLI to ensure all our Associations are covered. Our Crime insurance policy includes:

• Coverage for theft of money, securities and other property by employees.
• Optional coverages with the ability to choose limits less than or equal to the Employee Theft limit for causes of loss including but not limited to: forgery, robbery, theft, and computer fraud committed by anyone other than the Insured's employees.
• Coverage provided for directors, officers, committee chairs, employees and volunteers without having to schedule them by name or position.
• Policy can be extended to cover theft of the Association's money & securities by a property manager's employees, allowing direct payment to the Association, rather than relying on reimbursement from the property manager.
• Automatic coverage for board changes and employee added during the policy term.
• Coverage in the Association's name to protect the assets of the organization.

Some of the types of businesses that need this type of insurance coverage are:

• Homeowners Associations
• Residential Condominium Associations
• Townhouse Associations
• Planned Unit Developments
• Residential Cooperatives
• Office/Business Parks
• Mobile/Manufactured Home Parks
• Recreational Vehicle/Trailer Parks

Keeping your protected.   Rick   All Access Insurance in Littleton, CO,  who represents multiple insurance companies as a “Broker” and provides products for auto, home,  commercial, workers compensation, and much more! Call us today for a free quote at (303) 932-1700