Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Commercial Forgery Policy

Synonyms:commercial insurance, employee fraud insurance, forgery insurance
Filed Under: financial-banking, insurance
Tags: banking, insurance

Definition of commercial forgery policy

commercial forgery policy
1. An insurance policy that provides coverage for businesses who unwittingly accept forged or counterfeit checks as payment. A commercial forgery policy, which is primarily sold by casualty and property insurers, is valuable for retail merchants, especially for those located in high-crime areas.

Related Terms and Acronyms:

  • business crime insurance   Insurance that covers losses due to criminal acts perpetrated by customers or employees.
  • business insurance   An umbrella term for insurance that covers various losses that may arise due to the operation of a business.
  • commercial lines   A broad term referring to insurance policies for professionals, businesses, and other commercial establishments.
  • insurance policy   A legal contract between an insurer and entity that specifies what the insurer is required to cover and any benefits the insured entity is entitled to.

Search the Glossary

Mortgage Calculator
You may be closer than you think to buying your dream home. Want to find out how close? Our calculator will help you find out how much you can afford. Try the new mortgage calculator.
New Mortgage Calc
Mortgage Rates
If you look for a mortgage online, you'll soon see that from one lender, bank, or broker to the next, the rates offered can be substantially different. Some high, some low. Compare the best mortgage rates and make sure your money isn't being wasted.
Mortgage Rates
Shop for the Best Mortgage Rates
We do our best to find the best mortgage rates in Canada. But if you do find better rates elsewhere, please let us know.
Find the Best Rates