The Difference Between Crime And Equipment Insurance For Sports Organizations

Some administrators who make the insurance purchasing decisions for sports organizations are confused over the difference between Crime Insurance and Equipment Insurance.  They mistakenly believe that theft of equipment by outsiders or vandalism of equipment is a “crime” and as a result covered by a Crime Policy.  This is not correct.

Here is an easy way to distinquish the two policies:

Equipment Insurance = Loss to Sports Equipment Due To Fire, Wind, Vandalism, Theft, Etc.

Crime Insurance = Employee / Volunteer Theft Of Equipment Or Embezzlement of Funds.

Of course, the above explanation is an over simplification, but it is an easy way to distinquish the two policies.