Theft is the act of unlawfully taking or appropriating someone else’s property without their permission or consent, with the intent to deprive the rightful owner of its possession or use. Theft is considered a criminal offense and is punishable by law in most jurisdictions. Insurance can protect you from financial loss due to theft.

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Top 10 Small Business Insurance Claims

An analysis by The Hartford reveals that four out of 10 small businesses may face property or general liability claims within the next decade, with burglary and theft being the most common. However, the most expensive claim for small businesses involves reputational harm, encompassing issues like libel, slander, and privacy violations.