Question: The ISO commercial crime coverage form can be used to

The ISO commercial crime coverage form can be used to insure specific crime exposures of most business firms. Assume that you are a risk management consultant. For each of the following losses, identify an appropriate insuring agreement that would have covered the loss.
a. Jennifer owns a restaurant and is taking the daily cash receipts to the bank. While walking to her car, she is confronted by a person with a gun and is told to hand over the cash. Fearing for her life, she surrenders the money.
b. Travis owns a large supermarket. After the store closed, a burglar broke into a locked safe and stole several thousand dollars.
c. Rebecca is a cashier at a 24-hour convenience store. In the early morning, a drug addict confronts her with a knife and threatens her with bodily harm if she does not give him all the cash in the cash drawer.
d. Kevin is the manager of a retail store that sells lamps and lighting accessories. A company audit reveals that a long-time accountant had embezzled several thousand dollars.
e. Josh sells merchandise over the Internet. A thief hacked into his business computer and transferred company funds to another party.




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  • CreatedJanuary 30, 2015
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