Employee Theft and Forgery Policy—Archived Article

July, 2000

Discovery and Loss Sustained Forms

Summary: The employee theft and forgery policy is a slimmed down version of the commercial crime coverage form in that the former offers only two insuring agreements — employee theft and forgery or alteration — as opposed to the seven coverages in the commercial crime form. This article analyzes the employee theft and forgery policy, but will only reproduce those clauses that differ from the commercial crime coverage form; for information on the commercial crime form, see Commercial Crime Coverage Form.

The employee theft and forgery policy has two versions, the discovery version and the loss sustained version—CR 00 28 03 00 and CR 00 29 03 00 respectively.

 

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