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Mercantile Robbery Insurance

 
Business Dictionary: Mercantile Robbery Insurance
 

Coverage for actual or attempted robbery of money, securities, or other property.

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Insurance Dictionary: Mercantile Robbery Insurance
 

Coverage available under two forms for actual or attempted robbery of money, securities or other property. Under the First Form the policy covers if the robbery is committed on the premises of the business. The Second Form covers if the robbery is committed against a messenger of the business off its premises. An endorsement can provide coverage if employees have property of the business in their custody at home, and this property is lost through robbery or burglary. This policy has generally been replaced by current Commercial Crime Coverage Forms.

 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more

 

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