What is commonly true about the crime coverage for business owners?

Crime coverage for business owners is typically an add-on to a standard policy, meaning that it requires an additional premium. This coverage is not automatically included in most basic business insurance policies. Businesses often need to evaluate their specific risks and determine if they require this coverage, which protects against theft, fraud, and other criminal activities that can negatively impact their operations.

Additionally, while some basic policies may offer limited forms of crime coverage, it's not standard practice, hence the necessity for business owners to actively purchase and pay for this additional protection. Understanding this distinction is critical for businesses to ensure that they are adequately covered against potential financial losses due to crime-related incidents. This awareness is essential in managing risks effectively and safeguarding business assets.