Property and Casualty Insurance License Exam Cram™

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 ...