 Employee Dishonesty
Employee dishonesty is considered to be a criminal act
committed by an employee acting alone or in collusion with
others. There must be intent by the employee to cause the
employer a loss and to obtain a financial benefit for the
employee or someone else.
Coverage is provided for dishonest acts of employees of the
named insured only. Coverage insures against loss of money,
securities, and property other than money and securities. The
blanket form provides coverage for dishonest acts of all
employees. The limit for blanket coverage applies per loss,
regardless of how many employees are involved. The scheduled
form provides coverage only for the dishonest acts of employees
specifically listed in the policy. On the scheduled form, a
separate limit applies to each employee listed on the schedule.
Forgery or Alteration
Forgery is generating a document or signature that is not
genuine.
Alteration is changing a document in a manner that is neither
authorized nor intended.
This form insures against loss caused by the forgery or
alteration of a covered item drawn against the insured's
accounts. A covered item might be a check, draft, promissory
note, bill of exchange or similar instrument.
Theft, Disappearance and Destruction
Theft means any act of stealing.
Disappearance is unknown causes of loss. Disappearance lacks
the elements of knowing if the crime was a theft, burglary or
robbery.
Destruction is the loss of certain property, it is usually
the result of another cause of loss.
Section (1) of the form covers money and securities against
loss by theft, disappearance, or destruction inside the
premises. Section (2) covers money and securities outside the
premises in the care and custody of a messenger.
Robbery and Safe Burglary
Robbery is the taking of property from a person by the threat
of personal injury to that person.
Safe Burglary is a specific kind of burglary that means the
taking of property from a safe or vault which shows visible
signs of forcible entry.
This form covers property other than money and securities
inside and outside the premises. Property other than money and
securities is covered while outside the premises and only in the
care and custody of a messenger. Coverage inside the premises is
for loss or damage resulting from robbery of a custodian or from
safe burglary. A custodian is the named insured or a partner or
employee of the insured.
Premises Burglary
Covers property other than money and securities inside the
premises. It also covers damage to the insured's premises
resulting from a covered cause of loss.
Computer Fraud
Computer fraud is a specialized kind of theft where a
computer is used to steal property from it's rightful owner.
This form covers money and securities and property other than
money and securities.
Extortion
Extortion is the surrender of property away from the premises
as a result of a threat of bodily harm to someone who is, or
allegedly is, being held captive.
This form covers money and securities and property other than
money and securities.
Premises Theft & Robbery Outside
Section (1) covers property other than money and securities
inside the premises for loss caused by actual or attempted
theft. Section (2) Robbery Outside the premises covers property
other than money and securities while it is in the care and
custody of a messenger.
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