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Commercial crime coverage form

Insurance that covers a business against 18 different types of loss. These are separated into different forms, each briefly described as follows:• Form A covers employee dishonesty concerning money or properties.• Form B covers forgery or falsification of monetary instruments.• Form C covers against theft.• Form D protects against robbery or safe burglary.
• Form E is for burglary of a business location.
• Form F covers fraud by computer.
• Form G covers extortion.
• Form H is for theft of items other than money and securities at the business location.
• Form I covers the loss of items in a safe deposit box due to theft.
• Form J covers securities deposited with a guardian.
• Form K is for liability for a guest’s property left in a safe deposit box.
• Form L covers other liability to the guest’s property.
• Form M covers liability for a safe depository.
• Form N further covers safe depository loss.
• Form O covers dishonesty of public employees. This can include dishonesty and misrepresentation.
• Form P further covers dishonesty of public employees.
• Form Q covers robbery of money and security.
• Form R covers acts conducted by using false monetary instruments.

Commercial crime policy

A crime insurance policy that is designed to meet the needs of organizations other than financial institutions (such as banks). A commercial crime policy typically provides several different types of crime coverage, such as
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A crime insurance policy that is designed to meet the needs of organizations other than financial institutions (such as banks). A commercial crime policy typically provides several different types of crime coverage, such as employee dishonesty coverage forgery or alteration coverage computer fraud coverage funds transfer fraud coverage kidnap, ransom, or extortion coverage money and securities coverage

Commercial customer

For FSA purposes, it is a policyholder or potential policyholder who is not a retail customer. At the pre-sale stage commercial customers must be given sufficient information to enable them to make an informed decision about the proposed contract including details of premiums, fees and charges. Post-sale the policy document must be supplied promptly and notification of renewal or nonrenewal must be given in good time before expiry. Intermediaries must also disclose their commission if requested. Certain commercial customers are eligible complainants from a complaints perspective. See CUSTOMER TYPES.

Commercial documents

They are of two types: (i) primary and (ii) auxiliary Commercial primary documents are eight which have to form part of the negotiable documents, to be sent to the buyer. These are (i) invoice (ii) packing list (iii) certificate of Insurance (iv) certificate of origin (v) bill of lading/airway bill (vi) bill of exchange/bank draft (vii) shipment advice, and (viii) certificate of inspection/analysis. Commercial auxiliary documents are those which assist in preparation of the primary documents and include: (i) proforma invoice/quotations (ii) order confirmation (iii) application for inspection (vi) application for Insurance i.e., Insurance declaration (v) shipping instructions to the forwarders (vi) shipping order from carriers (vii) mate’s receipt from shipping Agent (viii) application for certificate of origin (ix) application for opening letter of credit, and (x) letter to bank submitting documents for negotiations.Regulatory documents are those which have to be presented to different government departments in their prescribed formats. These include: (i) gate pass-Central Excise (ii) AR 4/AR 4A forms (iii) shipping bill for export (iv) port copy of export application (v) gate pass for entry of goods in port (vi) GR/EP/PP forms (vii) freight payment certificate (viii) Insurance premium payment certificate and (ix) port copy of bill(s).Ex turpi causa non oritur action : No (right of) action arises out of an immoral cause.