Question

henry suspects that some of his employees have been stealing from his company. he purchases a commercial crime insurance policy, which will cover any losses that actually occur during the policy period. under which coverage form of commercial crime insurance is henry's company insured?

Answer 1

Loss-Sustained form of commercial crime insurance  henry's company insured.

The required details about commercial crime insurance is mentioned in below paragraph.

Insurance against business-related crimes, such as employee theft, forgery, robbery, and technological crime, protects against monetary damages. It is a kind of business insurance that offers protection for the company under the following types of policy: Employee dishonesty in Form A may be written as scheduled insurance or on a blanket insurance basis and covers money, securities, and other properties.

What are the commercial crime policy's exclusions?

The following things are not covered by commercial crime insurance: theft, misdemeanors, or other wrongdoing by you or your company partners. Additionally, it excludes any activities taken by personnel who colluded with one of your partners.

Thus, Henry company is insured under Loss-Sustained form.

To learn about commercial crime insurance visit here.

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