Commercial Crime

Employee Dishonesty

Employee dishonesty is considered to be a criminal act committed by an employee acting alone or in collusion with others. 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 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.

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