Arkansas Insurance Adjuster Practice Exam

Which commercial crime insurance coverage might cover the loss of money burned during a robbery?

1. Forgery

2. Computer Fraud

3. Inside the Premises: Robbery or Safe Burglary

4. Inside the Premises: Theft of Money and Securities

The correct answer is: Inside the Premises: Robbery or Safe Burglary

Commercial crime insurance provides protection for businesses against losses caused by criminal acts such as robbery, theft, and fraud. Option A, Forgery, would cover losses from forged or altered checks or documents, which does not pertain to the burning of money during a robbery. Option B, Computer Fraud, covers losses from unauthorized access to company computer systems or theft of funds via electronic means, and does not apply to a physical robbery scenario. Option D, Inside the Premises Theft of Money and Securities, would cover losses of money or securities that are stolen during a robbery, but not if they were burned during the robbery. Option C, Inside the Premises: Robbery or Safe Burglary, is the correct answer as it specifically covers losses from robbery, which would include any money burned during the robbery.