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Business Crime Insurance

Definition of "Business crime insurance"

Protection for the assets of a business (including merchandise for sale, real property, money and securities) in the event of robbery, burglary, larceny, forgery, and embezzlement. Coverage is provided in package policies such as special multi peril insurance (SMP) policy Section III, largely replaced by the commercial package policy, and the business-owners policy (BOP) Section III.

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