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Home Q & A Board Other Fields Homework Help Business Insurance
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chouri chouri
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6 years ago
Bishop Appliance Store is covered by a commercial crime insurance policy. The policy provides coverage for "Employee Theft" on a blanket basis. When the store owner arrived to open the store for business one morning, he discovered that many small electrical appliances were missing. A surveillance tape showed a company employee had disabled the burglar alarm before leaving work, and had returned to the store later and had taken the appliances. Which of the following statements regarding this loss is true?
A) There is no coverage under "Employee Theft" as the loss was property, not money.
B) There is no coverage as the employee was not specifically named in the policy.
C) There is coverage because "Employee Theft" includes coverage for property.
D) There is no coverage as it requires that the employee be caught while committing the theft.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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chouri Author
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#2
5 years ago
Thanks for the help!
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