The New York State Department of Financial Services (NYSDFS) has promulgated a regulation that requires insurance companies to provide Commercial Crime Coverage to employers who have prior knowledge of an employee’s prior criminal conviction. Commercial Crime Coverage is defined as coverage under a policy of commercial risk insurance that provides burglary and theft insurance or fidelity insurance.
Home > State Law Articles > New York > General (NY) > New York Bars Insurers from Denying Commercial Crime Coverage Due to Employee’s Prior Criminal Conviction