Chapter 17. Commercial Crime Insurance
Terms you'll need to understand:
Burglary
Safe burglary
Robbery
Theft
Forgery
Custodian
Messenger
Watchperson
Employee benefit plan
Money
Securities
Property other than money or securities
Computer fraud
Extortion
Principal
Surety
Obligee
Concepts you'll need to master:
Loss sustained form
Discovery form
Employee theft
Forgery or alteration
Inside the premises
Outside the premises
Fidelity bond
Name schedule bond
Position schedule bond
Commercial blanket bond
Blanket position bond
In this chapter, we review Commercial Crime insurance—insurance designed to protect businesses and government entities against property loss resulting from crimes such as burglary, robbery, theft, and employee dishonesty.
Crime coverage can be provided as a mono-line ...
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