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 los 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.

Forgery or Alterations

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 cause 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.

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.

Premises Burglary

Premises Burglary covers property other than money or 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

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.

Premises Theft & Robbery Outside

Premises Theft covers property other than money and securities inside the premises for loss caused by actual or attempted theft; Robbery Outside the premises covers property other than money and securities while it is in the care and custody of a messenger.