Exclusions
Conditions
Other Insuring Agreements/Endorsements
Miscellaneous
Miscellaneous II
100
An employee committed theft prior to the effective date of the policy and the insured knew about it.
What is the exclusion - Acts committed by your employees learned of by you prior to the policy period?
100
Notify the carrier, law enforcement
Cooperate
Submit to examination under oath
What is the Condition - Duties in the Event of Loss?
100
Designed for hotels to protect their liability.
What is Guest's Property?
100
Number of employees
Annual revenue
Presence or lack of security
How is crime coverage rated?
100
A deception deliberately practiced in order to secure an unfair or unlawful gain.
What is Fraud?
200
Disclosure of your or another's, or use of another persons patents, trade secrets, processing methods, customers lists, financial information, credit card information, health information
What is the exclusion - Confidential or personal information?
200
ERISA
What is Employee Retirement Income Act of 1974
200
Covers heavy fines for employees who copy software (without knowledge of insured)
What is Unauthorized Reproduction of Computer Software by Employees?
200
How much do you trust your employees?
What is your MPL?
What controls do you have in place?
What are questions to ask your client to help them decide how much crime coverage they should buy?
200
cash emergencies
revenge
perception everyone is doing better than me
What are Motives for Fraud?
300
Fees, costs, fines penalties & other expenses related to Confidential or personal information.
What is the exclusion - Data Security Breach?
300
Required limit for ERISA
What is 10% of the funds, minimum of $1,000, maximum $500,000?
300
Devices must be maintained for this endorsement to be valid.
What is the Add Protective Devices or Services Endorsement?
300
Provides monetary compensation if the bonded party fails to perform certain promised acts.
What is a Surety Bond?
300
A percentage of businesses experience various degrees of on-going employee theft.
What is 95%?
400
Nuclear reaction or radiation causes loss or damage
What is the exclusion - Nuclear hazard?
400
Requirement of those handling funds of an employee welfare or benefit plan.
What is being bonded?
400
Covers loss resulting from a fraudulent party, acting as a legitimate business associate or vendor, influencing an employee to transfer money or securities.
What is the Social Engineering Fraud endorsement?
400
Party who agrees to perform an act or fulfill certain obligations.
What is the Principal?
400
Embezzlement
Check fraud, payroll fraud
Vendor Schemes
Vendor kickbacks
What are examples of Fraud?
500
Digital or crypto currency.
What is the exclusion - Virtual Currency?
500
Social engineering strategy in which people make random calls and offer you a gift or benefit in exchange for a specific action or piece of information.
What is Quid pro quo?
500
An innocent looking, malware-infected devise, such as a USB drive is left at a location where someone would pick it up and plug it into their computer.
What is Baiting?
500
What is one way to prevent fraud?