Commercial Crime Coverage Form
Type of commercial insurance that provides coverage for the business under the following policy forms:
- Form A employee dishonesty involving money, securities, and other properties and may be written on a BLANKET INSURANCE or Scheduled POLICY basis.
- Form B forgery or alteration involving outgoing checks, drafts, promissory notes, and other similar financial instruments.
- Form C theft, disappearance, and destruction of money and securities.
- Form D robbery and safe burglary (property excluding money and securities) involving losses inside or outside the premises of the insured business.
- Form E premises burglary involving property (excepting money and securities) inside the premises of the insured business.
- Form F computer fraud involving money, securities, and property other than money and securities.
- Form G extortion involving money, securities, and property that does not include money and securities.
- Form H premises theft and robbery outside premises other than money and securities.
- Form I lessees of safe deposit boxes involving theft, disappearance, or destruction of securities or property other than money and securities while in a vault or during the deposit or withdrawal from a safe deposit box on the premises of the insured.
- Form J securities deposited with others involving theft, disappearance, or destruction of securities that are on the inside of the premises of a custodian (party to which the insured has transferred the securities), or while the securities are outside the premises of the custodian in the possession of an employee of the custodian, or while the securities have been deposited by the custodian into a depository.
- Form K liability for guest's property in a safe deposit box involving property damage or loss.
- Form L liability for guest's property while on the premises of the business or in the possession of the business involving loss or damage to that property.
- Form M safe depository liability involving loss, damage, or destruction to the customer's property while on the premises of the business in a safe deposit box, in a vault, or while being transferred to and from safe deposit boxes or vaults. The legal liability of the business for the customer's loss has to be established.
- Form N safe depository direct loss involving loss, damage, or destruction of the customer's property while on the premises of the business in a safe deposit box, in a vault, or while being transferred to and from safe deposit boxes or vaults. The legal liability of the business for the customer's loss does not have to be established.
- Form O public employees' dishonesty for loss involving money, securities, or property that does not include money and securities.This form is usually written to provide coverages for public entities such as schools and universities.
- Form P public employees' dishonesty for employee involving money, securities, or property that does not include money and securities. This form is usually written to provide coverages for public entities such as cities, public utilities, and public hospitals.
- Form Q robbery and safe burglary of money and securities when in the custody of the custodian inside the premises, or when in the custody of a messenger outside the premises.
- Form R money orders and counterfeit paper currency involving their acceptance in good faith by the business in exchange for money, services, or merchandise.
Popular Insurance Terms
Agreement under which an insurance company promises to pay all compensation and all benefits required of an insured employer under the workers compensation act of the state or states listed ...
Accounting method of establishing data on an annual basis. ...
Refers to the insured or reinsured paying premiums into an account at a commercial bank that will be used to pay for future or past losses. Portions of the premiums not required to pay for ...
Company not licensed by a particular state to sell and service insurance policies within that state. ...
Arrangement, often funded by life insurance, to continue an employee's salary in the form of payments to a beneficiary for a certain period after the employee's death. The employer itself ...
Insurance on the life of the employee, paid for by the company, with the company being the beneficiary under the policy. This insurance vehicle is being used more and more to fund ...
Total estimated cost incurred by a person or persons, a family, or a business resulting from the death or disability of a wage earner (key employee), damage or destruction of property, ...
Organization founded in 1993, the thesis of which is to apply quality management principles to insurance functions. To this end, the organization is involved in insurance industry-wide ...
Coverage in the event a safe of a business is forceably entered, either on or off the premises, and property is stolen from the safe. Also covered is damage to the premises during actual or ...
Have a question or comment?
We're here to help.