Mercantile Robbery Insurance
Coverage available under two forms for actual or attempted robbery of money, securities or other property. Under the First Form the policy covers if the robbery is committed on the premises of the business. The Second Form covers if the robbery is committed against a messenger of the business off its premises. An endorsement can provide coverage if employees have property of the business in their custody at home, and this property is lost through robbery or burglary. This policy has generally been replaced by current COMMERCIAL CRIME COVERAGE FORMS.
Popular Insurance Terms
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Amount of the increase in the book of business of an insurance company over a specified time interval. ...
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Modification in premiums, reserves, and other values to reflect actual loss experience and expenses and expected benefits to be paid. ...
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Standards set by the various state regulatory authorities that determine how financial statements must be prepared for regulators. The states are responsible for making certain that ...
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