ISO COMMERCIAL CRIME
COVERAGES AVAILABLE ENDORSEMENTS AND THEIR USES
(January 2026)
Coverage Forms And
Policies (CR 00)
Optional Crime And
Fidelity Insuring Agreements (CR 04)
Crime And Fidelity
Terrorism Endorsements (CR 07 Series)
Common Crime And
Fidelity Endorsements (CR 20 Series)
Fidelity Amendatory
Endorsements (CR 25 Series)
Crime Amendatory
Endorsements (CR 35 Series)
Kidnap/Ransom And
Extortion Coverage Endorsements (CR 45 Series)
This list details
endorsements available to modify the Insurance Services Office (ISO) Commercial
Crime Coverage Forms and Policies. Organized by form number and title, it
provides a brief explanation of each endorsement's purpose. It does not
encompass any state-specific endorsements, changes, or amendments.
Endorsements that are new or have been modified by the 06
22 edition are highlighted in bold. Many of these changes are significant; some involve removing
endorsements withdrawn because coverage was integrated into other forms or
replaced by new endorsements, while others are editorial or minor material
edits.
NOTE: This section lists but does not
otherwise address any of the various ISO Terrorism Endorsements.
Related Article: Terrorism and
Insurance
A list of forms that
can be utilized with the Commercial Crime Coverage Forms, which might be
helpful.
Related Article: ISO Commercial
Crime Coverage Forms Endorsements Checklist
The ten-digit numbering
sequence of ISO forms and endorsements has a very specific meaning.
Endorsements are
grouped in categories according to their purpose as follows:
|
CR 00 |
Coverage Forms and
Policies |
|
CR 04 |
Optional Crime and
Fidelity Insuring Agreements |
|
CR 07 |
Additional Exclusions
- Terrorism Endorsements |
|
CR 20 |
Common Crime and
Fidelity Endorsements |
|
CR 25 |
Fidelity Amendatory
Endorsements |
|
CR 35 |
Crime Amendatory
Endorsements |
|
CR 45 |
Kidnap/Ransom and
Extortion Coverage Endorsements |
|
IL 09 |
Terrorism
Endorsements |
Related Article: ISO Commercial
Crime Coverage Forms and Policies Analysis
Related Article: ISO Commercial
Crime Coverage Forms and Policies Analysis
Related Article: ISO Commercial
Crime Coverage Forms and Policies Analysis
Related Article: ISO Commercial
Crime Coverage Forms and Policies Analysis
Related
Article: ISO Government Crime Coverage Forms and
Policies
Related Article: ISO Government
Crime Coverage Forms and Policies
Related Article: ISO Government
Crime Coverage Forms and Policies
Related Article: ISO Government
Crime Coverage Forms and Policies
The 06 22 edition
updates the title of this form, which was previously known as Employee Theft
and Forgery Policy (Discovery Form).
Related Article: CR 00 28–
Commercial Fidelity and Forgery Policy (Discovery Form) and CR 00 29–Commercial
Fidelity and Forgery Policy (Loss Sustained Form)
The 06 22 edition
updates the title of this form, which was previously known as Employee Theft
and Forgery Policy (Loss Sustained Form).
Related Article: CR 00 28– Commercial Fidelity and Forgery Policy
(Discovery Form) and CR 00 29– Commercial Fidelity and Forgery Policy (Loss Sustained Form)
The 06 22 edition
updates the title of this form, previously known as Employee Theft and Forgery
Policy (Discovery Form).
Related Article: CR 00 30–Government
Fidelity and Forgery Policy
(Discovery Form) and
CR 00 31–Government Fidelity and Forgery Policy (Loss Sustained Form)
The 06 22 edition
updates the title of this form. It was previously known as the Government
Employee Theft and Forgery Policy (Loss Sustained Form).
Related Article: CR 00
30–Government Fidelity and Forgery Policy (Discovery Form) and
CR 00 31–Government Employee Theft and Forgery Policy (Loss Sustained Form)
This coverage form is not included in the 06 22 edition changes.
Related Article: CR 00 40–Kidnap/Ransom
and Extortion Coverage Form and CR 00 41–Kidnap/Ransom and Extortion Policy
This coverage form is not included in the 06 22 edition changes.
Related Article: CR 00
40–Kidnap/Ransom and Extortion Coverage Form and CR 00 41–Kidnap/Ransom and
Extortion Policy
(06 22 edition)
The 06 22 edition
updates the title of this endorsement, previously known as Clients’ Property.
Related Article: CR 04 01–
Employee Theft of Clients' Property
(06 22 edition)
Related Article: CR 04
03–Extortion–Commercial Entities and CR 04 04–Extortion–Government Entities
(06 22 edition)
Related Article: CR 04
04–Extortion–Government Entities and CR 04 04–Extortion–Government Entities
(06 22 edition)
Related Article: CR 04
05–Inside the Premises–Theft of Other Property
(06 22 edition)
Related Article: CR 04
06–Inside the Premises–Robbery of a Watchperson or Burglary of Other Property
(06 22 edition)
Related Article: CR 04
07–Inside the Premises–Robbery of a Custodian or Safe Burglary of Money and
Securities
(06 22 edition)
Related Article: CR 04
08–Employee Theft–Name or Position Schedule
(06 22 edition)
Related Article: CR 04
09–Lessees of Safe Deposit Boxes
(06 22 edition)
Related Article: CR 04
10–Securities Deposited with Others
(06 22 edition)
Related Article: CR 04 11–Guests' Property
(06 22 edition)
Related Article: CR 04
12–Safe Depository
(06 22 edition)
The 06 22 edition
updates the title of this endorsement, which was previously known as
Destruction of Electronic Data or Computer Programs.
Related Article: CR 04
13–Destruction of Electronic Data or Computer Programs by Employees
(06 22 edition)
Related Article: CR 04
14–Unauthorized Reproduction of Computer Software by Employees
(06 22 edition)
Related Article: CR 04 15–Identity
Fraud Expense
(06 22 edition)
The 06 22 edition
updates the title of this endorsement, which was previously known as Telephone
Toll Fraud.
Related Article: CR 04 16–Telephone
Toll Fraud
(06 22 edition) New
Endorsement
This new optional endorsement replaces the A.7—Fraudulent
Impersonation Insuring Agreement, expanding coverage to include other property
(including money and securities) and redefining transfer instructions to
include transmission by email, text, instant message, fax, phone, or written
request for the insured to transfer, pay money, securities, or other property
to an account, entity, or individual.
(06 22 edition)
This exclusion excludes direct or indirect terrorism against any person, organization,
or property. Nuclear Hazard now includes Biological
or Chemical Hazard.
(06 22 edition)
This exclusion is identical to the CR 07 30 terrorism exclusion, except
it does not include paragraph B.5., which describes how the total damage and
the length of time of a terrorism incident are determined. The 06 22 edition
includes editorial changes, and Nuclear Hazard now includes Biological or Chemical Hazard.
(06 22 edition)
This exclusion removes any provision of coverage under Crime and Fidelity
Coverage for a certified act of terrorism. Nuclear Hazard Exclusion now includes Biological or Chemical Hazard.
(06 22 edition)
This exclusion applies only to the Crime and Fidelity Coverage Part. It
removes coverage provided under any endorsement in the Policy for a certified act of terrorism and instead provides specific exclusions. Nuclear Hazard
Exclusion now includes Biological or Chemical Hazard.
(06 22 edition)
This exclusion applies only to the Crime and Fidelity
Coverage Part. It is identical to the CR 07 53 Conditional
Exclusion of Terrorism, except it contains paragraph C.5, which describes how
the total damage and the duration of a terrorism incident are determined. Nuclear
Hazard Exclusion now includes Biological or Chemical Hazard.
(06 22 edition)
This exclusion applies only to the Crime and Fidelity
Coverage Part. It supersedes the TRIA Program when the TRIA Program
terminates for other coverage forms and coverage parts in the Policy. Nuclear Hazard Exclusion now includes Biological or Chemical Hazard.
(Use with CR
00 20, CR 00 22, CR 00 24, CR 00 26, CR 00 28, CR 00 30)
(06 22 edition) Editorial
or Format Changes Only
This is a miscellaneous or general coverage change endorsement used with
Discovery Coverage Forms and Policies. The changes being made are entered on
the endorsement schedule.
(Use with CR
0021, CR 00 23, CR 00 25, CR 00 27, CR 00 29, CR 00 31)
(06 22 edition) Editorial
or Format Changes Only
This is a miscellaneous or general coverage change endorsement used with Loss
Sustained Coverage Forms and Policies. The changes being made are entered on
the endorsement schedule.
(Use with CR
00 20, CR 00 22, CR 00 24, CR 00 26, CR 00 28, CR 00 30)
(06 22 edition)
The 06 22 edition of this endorsement has been extensively
revised. It is now divided into two sections: the first covers all Policies and
Coverage Forms, while the second pertains only to the Commercial Crime Coverage
Form, Commercial Crime Policy, and Commercial Fidelity and Forgery Policy,
specifically concerning ERISA. This division arises from the addition of ERISA
and its inapplicability to Government Entities.
This endorsement changes the number of days in the Extended Period to
Discover Loss Condition from the automatic 60 days to 60 days plus the number
of days entered in this endorsement schedule. The loss
must be discovered by a designated person. It does not
affect the one-year discovery period for any ERISA employee benefit plan unless the insured or the ERISA plan obtains other
insurance that, at a minimum, provides the same coverage. The extended period
to discover loss will terminate on the date the coverage is replaced.
(Use with all
except CR 00 40 and CR 00 41)
(06 22 edition) Editorial
or Format Changes Only
In the 06 22 edition, this endorsement primarily underwent
editorial revisions, such as restructuring the Insuring Agreements as they
relate to the revised definition of Occurrence. However, material changes
include the addition of ERISA plan officials, again related to the Occurrence
definition. Additionally, it introduces a new requirement that a loss must be
identified by a designated person.
The endorsement itself restricts coverage to actions that occur after the
retroactive date entered on the endorsement schedule. The retroactive date is
set by the named insured so that when multiple named insureds are on the declarations,
they have the same retroactive date or different ones.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition)
This endorsement adds an aggregate limit of insurance to the Policy. The
aggregate limit scheduled on the endorsement schedule is the most the insurance
company pays in a year, regardless of the number of occurrences. This is a very
restrictive endorsement and should be used carefully.
ERISA is now included in this endorsement, and the
exclusion for a loss sustained by an employee benefit plan no longer applies.
(Use with
all except CR 00 40 and CR 00 41)
(06 22
edition)
In the 06 22 edition, this endorsement was significantly
revised, with editorial updates and a title change. It was formerly called
Co-Indemnity and now better explains how co-surety coverage applies in today's
marketplace.
This endorsement is used when multiple companies provide coverage for the
same insured. A Lead Company, previously called the controlling company, is designated, and each
participating company is listed with its participation percentage on the
schedule. The Lead Company manages premium collection and issues cancellation notices on behalf of
all parties. This endorsement adds to the Conditions Applicable to All Insuring
Agreements, affecting the Proof of Loss notice and the cancellation or
termination of the Lead Company, First Named Insured, or Other Than Lead Company, formerly
known as an Other Than Controlling Company.
(Use with all
coverage forms and policies)
(06 22 edition) Editorial
or Format Changes Only
The named insured and the insurance company may disagree about the amount
of loss and not be able to resolve the dispute. In such a case, this
endorsement permits either party to resolve the issue by demanding binding arbitration.
(Use with all
coverage forms and policies)
(06 22
edition) Editorial or Format Changes
Only
The named insured and the insurance company might disagree on the amount
of loss and fail to resolve the dispute. In such cases, this endorsement allows
either party to seek arbitration. Unlike CR 20 12, this endorsement permits any
arbitration decision to be appealed to a court.
(Use with all
except CR 00 40 and CR 00 41)
(06 22 edition) Editorial
or Format Changes Only
This is a standard loss payable clause. It requires loss payments
involving certain property be made to the designated entities listed on the
endorsement schedule.
(Use with all
except CR 00 40 and CR 00 41)
(06 22 edition) Editorial
or Format Changes Only
This is a standard loss payable clause requiring loss payments involving
specified property to be made jointly to the named insured and the designated
entities listed on the endorsement schedule, rather than to a single
party.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial or Format Changes
Only
This endorsement lists other entities that are to receive notice of
cancellation or termination. Their names and the requested number of days' notice are entered on the
endorsement schedule.
Pay close attention to the word "endeavor" in the endorsement.
This indicates the insurance company will make a strong effort to send notices
within the specified time frames. However, if they fail to do so, the
recipients cannot legally challenge the cancellation.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial or Format Changes
Only
This is identical to CR 20 16, except that if the insurance company fails
to mail the cancellation or termination to the listed entity within the required time frame, the cancellation is
not valid for that specific entity.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial or Format Changes
Only
This endorsement is attempting to add coverage for joint ventures or
partnerships of the named insured but in a limited way. If the named insured is
legally liable for a loss, the full limit of insurance is available for the
claim. However, if the named insured is not legally liable, this Policy only
pays proportionally.
The problem is that once the joint venture or partnership becomes a named
insured, the use of the word "you" in the endorsement can create
ambiguity.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22
edition) Editorial or Format Changes
Only
This endorsement adds an obligee (one to whom another is bound by a
contract or legal agreement) as a protected party against covered losses. The
insurance company must notify a listed obligee of any cancellation or termination. The obligee also has
the right to request cancellation. The obligee has the same obligations as a designated person, human resource employee or equal with respect to knowledge of current and prior dishonest or fraudulent acts by employees. If
the obligee is aware of such dishonest acts of employees, coverage for that
employee is cancelled.
The 06 22 edition also adds that the insurance company will
mail or deliver cancellation or termination notices to the Obligee as well as
the first-named insured.
(Use with CR
00 22, CR 00 23, CR 00 26, CR 00 27, CR 00 28, CR 00 29, CR 00 30, CR 00 31, CR
00 41)
(06 22
edition) Editorial or Format Changes
Only
This endorsement is used with policies that have a term of more than one
year or that are continuous until cancelled. It specifies that the Policy can
be re-rated and the premiums recalculated using the rules and rates in effect
at the anniversary date, continuation date, or renewal.
(Use with CR
00 22, CR 00 23, CR 00 26, CR 00 27, CR 00 28, CR 00 29, CR 00 30, CR 00 31)
(06 22
edition) Editorial or Format Changes
Only
This exclusion is used to exclude Year 2000 (Y2K) type events.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial or Format Changes
Only
The endorsement is identical to CR 20 05 except that a loss is covered if
it began prior to the retroactive date but only if it continued after the
retroactive date.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial or Format Changes
Only
This endorsement allows deductibles to vary by named insured and insuring
agreement.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial or Format Changes
Only
This endorsement lists devices or services the named insured must
maintain in proper working order. Failing to do so results in no coverage unless
failing to properly maintain them is beyond the named insured's control.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition)
This endorsement replaces the territory condition for all
Insuring Agreements. The 06 22 edition expands the Policy territory to cover
the entire world, so this endorsement now specifies excluded territories.
Losses in listed territories or areas under U.S. embargo, trade, or other
economic sanctions are not covered. Legal action must be filed in the U.S.A.,
its territories and possessions, Puerto Rico, or Canada unless the Insurer has
agreed otherwise.
(Use with all
crime coverage forms and policies)
(06 22
edition) Editorial or Format Changes
Only
This endorsement treats the entities listed on the endorsement schedule
as named insureds.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial or Format Changes
Only
This endorsement revises the Inside the Premises–Theft of Money and
Securities Insuring Agreement and the Computer and Funds Transfer Insuring
Agreement definition of financial institution by adding and/or deleting the
institutions on the endorsement schedule.
(Use with
all except CR 00 40 and CR 00 41)
(06 22
edition)
This is a new endorsement with the 06 22 edition. When excess
coverage is written over underlying insurance, this endorsement identifies the underlying
Insurer, policy number and description of the underlying Policy. Conditions
Applicable to All Insuring Agreements under Duties in the Event Of A Loss and
Other Insurance are amended.
(Use with
all except CR 00 40 and CR 00 41)
(06 22
edition)
This is a new endorsement with the 06 22 edition. It adds
coinsurance to either all Insuring Agreements, individually selected Insuring
Agreements, or Coverage listed on the schedule.
(Use with all except CR
00 40 and CR 00 41)
(06 22 edition)
This is a new endorsement with the 06 22 edition. It provides
blanket coverage for all employee benefit plans automatically when they are
created or acquired after the effective date of the insurance.
(Use with CR 00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22 edition)
This is a new
endorsement with the 06 22 edition. It can be used to waive prior acts
committed by employees or ERISA Plan Officials, provided those acts are below
the limit listed on the schedule.
(Use with CR 00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00
31)
This is a new endorsement with the 06 22 edition. It is used
in conjunction with the Government Forms and Policies. It can be used to waive
prior acts committed by employees, provided
those acts are below the limit listed on the schedule.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement is used to revise the definition of employee by
excluding specific individuals or classes of persons listed on the endorsement schedule.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition)
With the 06 22 edition, this endorsement has undergone
significant changes, mostly in the format. It applies to
the Employee Theft Insuring Agreement. The term 'members' has been added to align with other policy provisions. Since agents are
excluded as employees in all crime coverage forms and policies, this
endorsement specifically adds scheduled agents as employees—but only for
employee theft losses and limited to the insurance limit specified in the
endorsement schedule.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement adds partners as employees for theft coverage, but the
coverage is limited. Any loss caused by an insured partner-employee must exceed
the sum of the following:
·
Any amounts the named insured owes the partner
·
The value of the partner's interest on the day the
loss is discovered
·
The deductible that applies
In other words, a partner who takes what he or she is entitled to from
the partnership is not stealing. However, if the partner steals property belonging
to other partners and the value of that property exceeds the deductible, the
loss is paid.
(Use with CR 00 20, CR 00 21, CR 00 22, CR 00 23, CR
00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement adds members of
a Limited Liability Company (LLC) as employees for theft coverage, but the
coverage is limited. Any loss the insured member-employee causes must exceed
the sum of the following:
In other words, a member who
takes what they are entitled to from the LLC is not stealing. However, if a
member steals property belonging to other members and the value of the
property's exceeds the deductible, the loss is paid.
The endorsement does not apply to
loss sustained by an employee benefit plan, but the plan has the right to
recover from the member.
(Use with all except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement considers the
chairperson and all committee members listed on the endorsement schedule as
employees whenever they perform work for the insured or the committee(s).
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement amends the employee definition to include the named
insured's scheduled officers who are not paid as employees, and these officers
can be identified by name or title.
NOTE: Some examples
are the chairman emeritus, honorary officers of city boards, and others in
similar or related capacities.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement considers all volunteers as employees and provides
coverage for them on a blanket basis. However, volunteer fund solicitors are
regarded as employees only during a fundraising campaign.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement considers all volunteers as employees and provides them
with coverage on a blanket basis. Unlike CR 25 09, CR 25 10 does not include
volunteers who engage in fundraising activities.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement modifies the employee definition to include the spouse
and any over-18 children of the building manager, janitor, or superintendent, provided
they live with the employee. The spouse and children are considered a single
unit throughout the policy or form, except that, under the Cancellation or
Termination Condition, the Termination of Coverage paragraph applies separately
to each. For example, a child may be excluded due to dishonest acts, while
coverage for the spouse and other children remains unaffected.
ERISA Plan Official has also been added to this endorsement
with the 06 22 edition.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22
edition) Editorial and format changes only
This endorsement eliminates the exclusion for treasurers and tax
collectors named on the schedule. Once listed, that individual is covered as an
employee. The endorsement is specific to particular names, so if a treasurer is
replaced for any reason, the new treasurer will not have coverage until their
name is added to the endorsement schedule.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22
edition) Editorial and format changes only
This endorsement applies to students enrolled in a school within the
named insured's jurisdiction who handle funds and property related to
sanctioned school activities, treating them as employees. It eliminates the
exclusion for treasurers and tax collectors. For example, students collecting
money for a band trip to the Rose Bowl are covered.
This endorsement is exclusively for governmental entities and is not
available to private institutions.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement adds officers and employees of a Federal Reserve Bank as
employees, but only when they act as the named insured's agent for electronic
funds transfers (EFT). These individuals are considered employees only when
performing services on the named insured's behalf or when they have care or
custody of the insured's covered property.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This
endorsement applies only to the Employee Theft Insuring Agreement. It adds
trading coverage that utilizes a genuine account to the Coverage Form or
Policy. A separate insurance limit is listed on the endorsement schedule. This
limit is included within the overall limit stated on the declarations and is
not an additional amount.
|
Example: The crime policy for Fred's Financial Consulting
has a $60,000 limit of insurance for employee theft and a separate $25,000 limit
of insurance for trading. If an employee is involved in both a trading loss
and a theft loss, the most the insurance company pays is $25,000 for the
trading loss and up to another $35,000 for the theft loss. |
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It replaces the exclusion that applies to warehouse receipts, but only up to
the limit of insurance on the endorsement schedule. This limit is included
within the overall limit shown in the declarations, not in addition to it.
(Use
with CR 00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22 edition)
With the 06 22 edition, this endorsement has undergone
significant changes. It applies to the Employee Theft Insuring Agreement. It broadens coverage to
include losses from an employee failing to faithfully perform their job. It adds exclusions for loss resulting from
Depository Failure, loss of property to an Employee Benefit Plan, loss from
Fraudulent Instructions, and damage to property from Tortious Conduct.
The Cancellation or Termination Condition now
includes a clause that if a specific employee or designated person becomes
aware of misconduct by another employee that could be covered under the
Employee Theft Insuring Agreement, coverage for that employee is terminated.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22 edition)
With the 06 22 edition, this endorsement has undergone
significant changes that align with the CR 25 18 endorsement. It applies to the Employee Theft Insuring Agreement, expanding coverage
to include losses caused by an employee's failure to perform their duties
faithfully. The endorsement schedule has spaces to enter limits for either the
Employee Theft–per Loss or Employee Theft–per Employee coverage.
Exclusions now include losses from Depository Failure,
property lost to an Employee Benefit Plan, losses from Fraudulent Instructions,
and damages related to Deprivation, Civil Rights Violations, and Tortious
Conduct when the insured is held legally responsible.
The Cancellation or Termination Condition has been updated
to specify that if a particular employee or designated individual learns of an
employee's misconduct, coverage for that employee under the Employee Theft
Insuring Agreement is terminated. Additionally, indemnification, previously
part of this endorsement, has been removed and is now available through the new
CR 25 48 endorsement.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition)
With the 06 22 edition, this endorsement has undergone
significant changes. It applies only to the Forgery or Alteration Insuring
Agreement. The changes include removing
the option to limit coverage to only warehouse receipts and withdraw orders. However, the Limit of insurance is still needed on the schedule, so a
space is still available to enter a limit of insurance. This limit is the most
that will be paid for an occurrence, and a new Limit
of Insurance section provides specific details.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Forgery or Alteration Insuring
Agreement. It covers the personal accounts of designated individuals. The
endorsement schedule includes spaces for each person's name and their
respective insurance limit. This limit is included within the overall insurance
limit listed on the declarations and is not in addition to it.
This endorsement is particularly beneficial for sole proprietors with
individual accounts and for business accounts where employees might write
checks. Other parties, such as executives, are vulnerable because staff members
or others who recognize their handwriting could steal the checkbook and write
checks payable to themselves or for cash.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement. It
excludes losses associated with issuing insurance, indemnity, or surety contracts.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It excludes precious metals, stones, and ores containing these materials. The
only exception is if an authorized employee receives the items and stores them
securely in a safe or vault for protection.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This restrictive endorsement applies only to the Employee Theft Insuring
Agreement and is to be used when coverage is provided to a Labor Union. It has
two main functions: first, it excludes losses caused by employees who make
unauthorized advances of funds for dues or other assessments to any member;
second, it clarifies that coverage applies only if the named insured's books
and records are audited annually.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It provides coverage for losses resulting from collection agents who are
considered employees, up to the insurance limit specified in the endorsement
schedule. This limit is included within the overall limit of insurance stated on
the declarations, not in addition to it.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition)
With the 06 22 edition, this endorsement has been significantly
updated to align with the revised language in the Forms and Policy Conditions,
including a major format update. It applies to All Insuring Agreements and changes
the Joint Insured Condition and the Termination As to Any Employee Condition to
provide additional protections for a borrowing corporation of the rural
utilities service.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition)
With the 06 22 edition, this endorsement has been significantly
updated to align with the revised language in the Forms and Policy Conditions,
including a major format update. It applies to All Insuring
Agreements and is used when coverage is provided to rural
utility companies to comply with federal regulations.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement is required when the named insured operates at a
military center. It covers any armed services member or government department
employee added as an insured while performing services. The process for claims
investigation and arbitration involving military and government personnel is
also explained.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
In the event of a loss, the insurance company will pay the bank scheduled on
the endorsement rather than the named insured. Coverage remains effective even
if the named insured suspends, cancels, or terminates it. The scheduled bank
must be notified of any cancellation within the time frame specified on the
endorsement schedule.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It may be added if one or more joint insureds need increased limits. The names
of the joint insured(s) requiring higher limits, along with the blanket excess
insurance limit, are specified in the designated spaces on the endorsement
schedule.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22
edition)
With the 06 22 edition, this endorsement has been
significantly revised to align with the format and language of the revised
Policy Exclusions, featuring a major formatting change. It specifically applies to the Employee Theft Insuring Agreement and
covers bonded employees, treasurers, and tax collectors for losses that exceed
the statutory limits mandated by law. When a loss exceeds an employee's
required bond limits, this coverage pays the excess amount, up to the lesser of
the insurance limit or the actual loss.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It clarifies how the per-loss limit of insurance applies if the limit for
employee theft-per employee is insufficient to cover a loss.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition)
With the 06 22 edition, it introduces a modification to the
endorsement, now allowing ERISA Plan Officials to specify individuals or
positions. This endorsement applies only to the selected
Insuring Agreements, such as the Employee Theft Insuring Agreement and/or ERISA Plan Official Dishonesty Insuring Agreement. It provides excess coverage for the designated persons and/or positions
listed on the endorsement schedule, up to a specified insurance limit.
The insurance limit on the declaration covers all employees or ERISA plan officials, while the scheduled
limit(s) are additional and specific to those individuals. If a person holds
multiple positions, the highest applicable limit is used. This coverage is
valid only when a covered employee is identified as the thief.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement is similar to CR 25 34, except that coverage is limited
to only employee theft.
(Use with CR
00 20, CR 00 22, CR 00 24, CR 00 26, CR 00 28, CR 00 30)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft – Name Or Position
Schedule Insuring Agreement. It is used to add or remove coverage for scheduled
names and/or positions. This form is applicable only to policies or coverage
forms written on a discovery basis and clarifies how the endorsement's changes
should be implemented from a discovery perspective.
(Use with CR
00 21, CR 00 23, CR 00 25, CR 00 27, CR 00 29, CR 00 31)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft – Name or Position
Schedule Insuring Agreement. It is used to add or remove coverage for scheduled
names and/or positions. This endorsement applies only to policies or coverage
forms written on a loss-sustained basis and clarifies how changes made through
the endorsement are to be implemented from a loss-sustained perspective.
(Use with CR
00 20, CR 00 22, CR 00 24, CR 00 26, CR 00 28, CR 00 30)
(06 22
edition)
With the 06 22 edition, this endorsement has been modified
to include the ERISA Plan Official Dishonesty Insuring Agreement, along with
some formatting adjustments. This endorsement
modifies CR 25 34 or CR 25 35 but cannot be used unless one of these forms is
attached to the Policy. It serves to add or remove employee names, ERISA Plan Officials, and/or positions.
This endorsement is applicable only to policies or coverage forms written on a
discovery basis and details how these changes should be implemented.
(Use with CR
00 21, CR 00 23, CR 00 25, CR 00 27, CR 00 29, CR 00 31)
(06 22
edition)
With the 06 22 edition,
this endorsement has been modified to include the ERISA Plan Official Dishonesty Insuring Agreement, along with some formatting
adjustments. This endorsement modifies CR 25 34 or CR 25 35 but
cannot be used unless one of these forms is attached to the Policy. It serves
to add or remove employee names, ERISA Plan Officials, and/or positions. This endorsement is applicable only to policies or
coverage forms written on a loss sustained basis and details how these changes
should be implemented.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition)
With the 06 22 edition, this
endorsement was reformatted, and a statement was added to the Computer and
Funds Transfer Fraud Insuring Agreement, clarifying that it does not apply to
the Commercial and Governmental Fidelity and Forgery Policies. This endorsement applies to either the Employee Theft Insuring Agreement,
the Computer and Funds Transfer Fraud Insuring Agreement, or both. It
reimburses the named insured for the cost of hiring an accountant to determine
the amount of a loss. Payment is limited to the lesser of the limit of
insurance or the percentage of loss indicated in the endorsement schedule. Any
amount paid decreases the remaining insurance limit for the entire loss.
|
Example:
The employee theft limit of insurance
is $750,000. The Costs, Fees, or Other Expenses Limit listed on
the schedule is $60,000, and the percentage listed is 15%. The employee theft loss amount is $750,000. Based on the endorsement, the named insured could receive
$75,000 ($500,000 X .15), $30,000, or the actual expenses, whichever is less.
However, because the actual loss plus expenses cannot exceed the total
insurance limit, no funds are available to pay the expenses. |
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It is used to broaden the definition of 'employee' by adding the individuals or
classes of persons listed on the endorsement schedule. For instance, a named
insured might want to add specific temporary workers as employees, but not all
temporary workers.
(Use with all
except CR 00 40 and CR 00 41)
(06 22
edition) Editorial and format changes only
This endorsement applies only to the Employee Theft Insuring Agreement.
It expands the definition of employee by adding employees of a computer
software contractor listed on the endorsement schedule as employees of the
named insured. All employees of a single computer software contractor are
considered a single employee for coverage purposes. The limit of insurance
shown on the endorsement schedule is a sublimit, meaning it is included within
the overall policy limit stated on the declarations, not in addition to it.
(Use with CR
00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22
edition)
The 06 22 edition features substantial changes to the
endorsement format. Section B now mirrors endorsements CR 25 18 and CR 25 19.
Additionally, Section C includes the termination of employee condition, rather
than merely referencing it. This endorsement applies
exclusively to the Employee Theft–Name Or Position Schedule Insuring Agreement,
offering blanket coverage for all listed employees or positions. It expands
protection to cover losses resulting from an employee's failure to perform
their duties faithfully.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition)
With the 06 22 edition, this endorsement no longer
distinguishes between Commercial and Government Crime Coverage Forms and
Policies, as Territory Condition coverage is now applicable worldwide for all
forms and coverages. This endorsement applies to either the Employee
Theft Insuring Agreement, the Computer and Funds Transfer Fraud Insuring
Agreement, or both. The virtual currency exclusion is waived for virtual
currency protected under this endorsement. Only virtual currency traded on the
scheduled exchange is covered. The insurance company may settle any loss either
in virtual currency or its U.S. dollar equivalent.
(Use with CR
00 28, CR 00 29, CR 00 30, CR 00 31)
(06 22
edition)
With the 06 22 edition, this endorsement no longer
differentiates between Commercial and Government Fidelity and Forgery Policies,
as Territory Condition coverage is now applicable worldwide. This endorsement applies only to the Employee Theft Insuring Agreement.
The virtual currency exclusion is revised to exclude only certain virtual
currencies; specifically, it does not apply to virtual currency covered under
this form. Only virtual currency traded on the scheduled exchange is covered.
The insurance company may settle any loss either in the virtual currency or its
U.S. dollar equivalent.
(Use with
CR 00 24, CR 00 25, CR 00 26, CR 00 27, CR 00 30, CR 00 31)
(06 22 edition)
This is a new
endorsement with the 06 22 edition. It applies to the Employee Theft Insuring
Agreements. It provides coverage to indemnify public officials who are required
to provide individual bonds to guarantee the faithful performance of their
duties, in the event a covered employee causes a covered loss.
(Use with CR 00 20, CR
00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22 edition)
This is a new
endorsement with the 06 22 edition. It applies to the ERISA Plan Official
Dishonesty Insuring Agreement and is used to list agents and outside entities
appointed to act as agents for the insured when in possession of covered
property. The agent's role and insurance limits should be specified on the
schedule.
(Use with
CR 00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22 edition)
This new endorsement
with the 06 22 edition. It applies to the ERISA Plan Official Dishonesty
Insuring Agreement. It is used to schedule ERISA benefit plans with individual
insurance limits that must meet or exceed regulatory requirements. The total of
these individual limits becomes the overall Limit of Insurance for the ERISA
Plan Official Dishonesty Insurance Agreement.
(Use with
all except CR 00 40 and CR 00 41)
(06 22 edition)
This is a new
endorsement with the 06 22 edition. It applies to the Employee Theft Insuring
Agreement and is used to list separate limits for covered non-ERISA employee
benefit plans.
(Use with
CR 00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22 edition)
This new endorsement
with the 06 22 edition. It applies to the Employee Theft Insuring Agreement by
replacing the previous 'employee' definition from the now withdrawn CR 25 15
endorsement. It modifies the language of employee dishonesty to cover acts by
both identified and unidentified employees. Additionally, it eliminates the
deductible.
(Use with
CR 00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 28, CR 00 29)
(06 22 edition)
This is a new endorsement with the 06 22 edition and applies to the
Employee Theft - Name or Position Schedule Insurance Agreement. It amends the
language of employee dishonesty to encompass acts committed by both identified
and unidentified employees and eliminates the deductible.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement restricts coverage. It is used to exclude specific
property, such as securities, liquor, cigarettes, vending machines, watches,
and other target commodities and merchandise, from the selected insuring
agreement.
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement restricts coverage. It is used to remove designated
premises from the selected insuring agreement(s).
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement restricts coverage. It is used to reduce the insurance
limit at designated premises for the selected insuring agreement(s).
(Use with CR
00 20, CR 00 21, CR 00 22, CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement limits coverage by decreasing the insurance limits for
the insuring agreement(s) selected on the endorsement schedule whenever the
premise is closed for business and no custodian is on duty.
Some businesses have no
cash on-site when they're closed. Facilities like arenas and stadiums might
remain closed for extended periods. In these situations, limits can be reduced
when the business or facility is not open for business.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement
applies only to the extortion insuring agreement. It excludes any location on
the endorsement schedule from coverage for threats against people who work
there and/or property situated there. The 06 22 change is immaterial.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement
broadens coverage. It applies only to the Extortion Insuring Agreement. Any
person listed on the endorsement schedule is regarded as an insured. It is
commonly used to extend insured status to retired chairpersons, former board
members, former elected officials, or others not covered under the original
insuring agreement.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement broadens coverage to include property of others. These are selected by specific insuring agreement(s) and class of persons, as well as a scheduled insurance limit. This limit may be a sublimit or a distinct limit, depending on the entry selected.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement
expands coverage to the grounds surrounding the premises, but only for the
Insuring Agreement(s) specified in the endorsement schedule. Coverage is
limited to areas fully enclosed by a fence or wall.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement
increases the insurance limit for specifically selected Insuring Agreements at
designated scheduled premises during specific periods of the year. The
increased limit(s) applies only to covered losses discovered before the end of
the specified period.
NOTE: This endorsement is
similar to the peak season endorsement in commercial property coverage forms.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement
changes the valuation - settlement terms. It adds the named insured's
processing fee in the value of raw materials and materials being processed.
Stock ready for sale is valued at its selling price minus discounts and
expenses the insured does not pay, since it hasn't been sold yet. This
endorsement applies only to the insuring agreement(s) selected on the
endorsement schedule.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement is
similar to CR 35 23 in that it extends premises coverage from solely the
interior to the exterior as well. However, it is broader than CR 35 23 because
it considers all land under the named insured's control as premises, regardless
of fencing or walls. This endorsement applies only to the insuring agreement(s)
selected on the endorsement schedule.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the definition of premises to include a designated agent's premises.
It also expands the definition of messenger to include the designated agent's
employees and officers. The agent's name, address, the services it provides to
the insured, and an insurance limit must be entered in the spaces on the
endorsement schedule corresponding to the selected Insuring Agreement(s).
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22 edition) Editorial and format changes only
This endorsement
eliminates the Records Condition to offer coverage for guests' property while
in the insured's safekeeping in the event of loss due to robbery or burglary of
the safe, subject to other relevant conditions. It provides a maximum of 10% of
the limit of insurance per guest for the Insuring Agreements selected on the
endorsement schedule.
NOTE: This endorsement works
well for businesses like hotels, inns, and lodges. However, it could be clearer
and better written. It’s advisable to consider using CR 04 11–Guests' Property,
which may be a better choice.
Related Article: CR 04 11–Guests'
Property
(Use with CR 00 20, CR 00 21, CR 00 22, CR
00 23)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage in CR 04 09–Lessees of Safe Deposit Boxes, Paragraph 1,
Section A. It offers protection for securities stored in specifically
described safe deposit boxes when the depository holds them in trust. This
coverage only applies when both the depository and a co-fiduciary have dual
control.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage in CR 04 09–Lessees of Safe Deposit Boxes, Paragraph 2,
Section A, by removing the requirement that the items must be stored in
a safety deposit box. Instead, the property only needs to be kept in a vault on
the depository's premises.
NOTE: Examples of property
this endorsement may cover include manuscripts, paintings, and other large or
bulky items.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement limits
coverage by establishing separate sublimits of insurance for money, securities,
and checks (excluding retail checks) based on the selected Insuring Agreements listed
on the endorsement schedule. These sublimits are included within the overall
limit of insurance specified on the declarations, not in addition to it.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23, CR 00 24, CR 00 25, CR 00 26, CR 00 27)
(06 22
edition) Editorial and format changes only
This endorsement
applies to the Outside The Premises Insuring Agreement and limits coverage when
money and securities are away from the premises and in the custody of a
messenger or armored vehicle company. Coverage is only provided for losses
resulting from robbery or attempted robbery.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement is
used to increase the limits per guest and per occurrence in CR 04 11–Guests'
Property (Inside The Premises) to match those specified on the
endorsement schedule.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement broadens
the coverage provided by CR 04 11–Guests' Property (Inside the Premises)
to include damage caused by food or drink spills, leaks, or upset to guests' property.
It removes the exclusion found in Exclusions D.2.c.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage provided by CR 04 11–Guests' Property (Inside The
Premises) to include damage to guest property while it is in the insured's care
and custody for laundering or cleaning.
NOTE: This endorsement does
not extend coverage to the dry-cleaning establishment that receives the customer's
property from the named insured.
(Use with CR 00 20, CR 00 21, CR 00 22, CR
00 23)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage provided by CR 04 11–Guests' Property (Inside The
Premises) for covered leased accommodations. Some hotels and other
temporary lodging venues sometimes offer extended-lease options for rooms and
suites. This endorsement covers damage to guests' property in such
arrangements, provided the lease is not for professional or business purposes.
It also excludes coverage for any guest who is an employee of the named
insured.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage provided by CR 04 11–Guests' Property (Inside The
Premises) to also include samples or property that guests carry, hold for sale,
or deliver.
(Use with CR 00 20, CR 00 21, CR 00 22,
CR 00 23)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage for Robbery or Burglary of Customers' Property (Premises
Damage), which the CR 04 12–Safe Depository provides to cover money,
securities, and other property belonging to the insured's customers at the
location, up to the limit specified in the endorsement schedule. The schedule limit
applies to the overall policy limit stated in the declarations, not in addition
to it.
(Use with CR 04 12)
(06 22
edition) Editorial and format changes only
This endorsement
broadens the coverage provided by CR 04 12–Safe Depository. It covers
customers' property in safe deposit boxes during transfers between scheduled locations
(from Location A to Location B). Coverage is limited to the dates and times
shown on the endorsement schedule.
(Use with CR
00 40 and CR 00 41)
This endorsement can be used to make a number of changes to the coverage
form or Policy, such as changing the named insured, adding or deleting a named
insured, changing the mailing address, extending or reducing the policy period,
or adding endorsements.
(Use with CR
00 40 and CR 00 41)
This endorsement adds coverage. It pays a scheduled amount to the insured
person for the loss of any limb, hand, or foot, loss of sight in eyes,
mutilation, or permanent total disability that results from a kidnapping,
extortion threat, detention, or hijacking. It pays the life benefit to the person's
estate if the person dies.
(Use with CR
00 40 and CR 00 41)
This endorsement provides coverage for recall expenses related to
specific products caused by a covered extortion threat to violate the named
insured's products or goods. The coverage is limited to the limit of insurance specified
on the endorsement schedule.
(Use with CR
00 40 and CR 00 41)
This endorsement covers the loss of Business Income and Extra Expense
directly caused by a covered incident. The amount paid is the lesser of the
loss incurred in each 24-hour period after the loss or the limit of insurance indicated
on the endorsement schedule. Business Income includes payroll and ongoing
normal operating expenses.
This endorsement was withdrawn with the 08 07 edition.
NOTE: These endorsements are used in response to the
Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA). There
are no longer crime specific terrorism endorsements.
Related
Article:
Terrorism and Insurance