Described the types of businesses which the ISO commercial crime coverage forms and policy forms are designed to insure
insuring any type of non-government commercial or not-for-profit entity other than a financial institution
Although financial institution bonds are insurance policies, why are they called "bonds"?
one of the key coverages that they provide is employee dishonesty insurance, which was traditionally called a "fidelity bond"
What types of property are covered under the Employee Theft insuring agreement in the Commercial Crime Coverage Form?
money, securities, and all other tangible property that has intrinsic value, as they are each defined in the policy
Clarify the types of losses that are paid under the Commercial Crime Coverage Form's Forgery or Alteration insuring agreement
pays losses of the insured or its representatives resulting from forgery or alteration of checks and similar instruments; it does not pay losses resulting from the insured's knowing acceptance of instruments that have been forged or altered by others
Describe the coverage provided by the Inside the Premises-Theft of Money and Securities insuring agreement
covers money and securities inside the "premises" or a "banking premises" against theft, disappearance, or destruction
Describe the coverage provided by the Outside the Premises insuring agreement
covers money, securities, and other property while outside the premises and in the care and custody of either a "messenger" or an armored vehicle company