Money, Securities and Property

Money, Securities and Property set out the assets that crime insurance protects under a typical commercial policy. 'Money' usually means cash, coins, bank notes, and negotiable instruments that are still in current everyday use. 'Securities' means instruments that hold financial value, such as company shares, bonds, and debentures of various kinds. 'Property' means physical assets other than money and securities, such as stock and equipment that a thief could easily take. These three terms matter because each crime section can set its own separate limit or condition. Theft of money from the business premises may carry a very different limit than the theft of securities. A claim for stolen property may also need proof that there was forced entry. Knowing what counts as covered property helps a business buy the right limit of cover for its own particular risks. It also shows which part of the policy will respond to a given loss.

Money, Securities and Property set out the assets that crime insurance protects under a typical commercial policy. 'Money' usually means cash, coins, bank notes, and negotiable instruments that are still in current everyday use. 'Securities' means instruments that hold financial value, such as company shares, bonds, and debentures of various kinds. 'Property' means physical assets other than money and securities, such as stock and equipment that a thief could easily take. These three terms matter because each crime section can set its own separate limit or condition. Theft of money from the business premises may carry a very different limit than the theft of securities. A claim for stolen property may also need proof that there was forced entry. Knowing what counts as covered property helps a business buy the right limit of cover for its own particular risks. It also shows which part of the policy will respond to a given loss.