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11 Cards in this Set
- Front
- Back
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Discovery Form |
Form that covers losses discovered during the policy period even though they might have occurred before the policy period |
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Robbery
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The unlawful taking of property from the care and custody of a person by who has caused or threatened to cause that person bodily harm; includes situations in which the thief commits an obviously unlawful act that is witnessed by the custodian of the stolen property (such as an observed "smash and grab" theft from a shop window) |
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Computer Fraud coverage
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Coverage for loss covered property due to the use of a computer to fraudulently transfer covered property to the wrongoer. |
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Loss Sustained form
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Form that covers losses actually sustained during the policy period and discovered no later than one year after policy expiration
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Extended Discovery Period
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A specified period following the cancellation of a commercial crime policy; If discovered by the insured during this period a loss that occurred before the cancellation date will be covered under the cancelled policy
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Theft
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the unlawful taking of money securities or other property to the deprivation of the insured |
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Clients' Property endorsement
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extends employee theft coverage to cover employee theft of money securities and other property while in the client's premises that the named insured's client owns or leases a client holds for others or for which a client is legally liable |
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Employee Theft endorsement |
covers employee theft of money securities and other property |
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Inside the premises theft of money or securities insuring agreement
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covers the insured's losses caused by theft disappearance or destruction of money or securities while inside the insured's premises or banking premises; requires the insured to prove destruction |
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Custodian
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the insured or his partner or employee having care and custody of the property on the premises excluding watchmen and janitors |
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Occurence |
An individual act, the combined total of all separate acts, or series of acts |
