CR 00 28–COMMERCIAL FIDELITY AND FORGERY POLICY (DISCOVERY FORM) AND CR 00 29– COMMERCIAL FIDELITY AND FORGERY POLICY (LOSS SUSTAINED FORM)

(January 2026)

INTRODUCTION

The Insurance Services Office (ISO) Fidelity and Forgery Policies are restricted versions of the ISO Commercial Crime Coverage Form or Policy, omitting many sections. They are only available as a standalone "Fidelity Only" Policy.

There are two different policy forms:

• CR 00 28–Commercial Fidelity and Forgery Policy (Discovery Form)
• CR 00 29– Commercial Fidelity and Forgery Policy (Loss Sustained Form)

This analysis compares CR 00 29–Fidelity and Forgery Policy (Loss Sustained Form) with CR 00 23–Commercial Crime Policy (Loss Sustained Form).

Related Article: ISO Commercial Crime Coverage Forms and Policies Analysis

The changes from the 06 22 edition have been incorporated into this article and highlighted in bold.

CR DS 05–COMMERCIAL FIDELITY AND FORGERY POLICY DECLARATIONS

The only difference between the CR DS 05–Fidelity and Forgery Policy Declarations and DS 02–Commercial Crime Policy Declaration is that the only insuring agreements listed on the CR DS 05 are:

1. Fidelity

a. Employee Theft-Per Loss Coverage

b. Employee Theft-Per Employee Coverage

2. Forgery or Alteration

a. Forgery of Negotiable Instruments

b. Forgery of Payment Card Instruments

CR 00 29–COMMERCIAL FIDELITY AND FORGERY POLICY (LOSS SUSTAINED FORM) ANALYSIS

INSURING AGREEMENTS

The following insuring agreements in the Commercial Crime Policy are not in the Commercial Fidelity and Forgery Policy:

• Inside the Premises–Theft of Money and Securities
• Inside the Premises–Robbery or Safe Burglary of Other Property
• Outside the Premises
• Computer and Funds Transfer Fraud
• Fraudulent Impersonation
• Money Orders and Counterfeit Money

The Commercial Fidelity and Forgery Policies contain only two Insuring Agreements: 1. Fidelity and 2. Forgery or Alteration, along with their respective sub-agreements. The changes introduced in the 06 22 edition of the Commercial Crime Form are identical to those in the Fidelity Policy. Additionally, the wording in these insuring agreements is identical to that in the Commercial Crime Policy.

LIMITS AND DEDUCTIBLES

The Limits and Deductible sections are identical in both policies.

EXCLUSIONS

1. The following exclusions in the Commercial Crime Policy are not in the Fidelity and Forgery Policy:

· Governmental Action

· Nuclear Hazard

· Pollution

· War and Military Action

· Exclusions applicable to Insuring Agreements A. 3., A. 4., A. 5., A. 6., A. 7., and A. 8. are not found in the Fidelity and Forgery Policy because the policy does not cover those specific Insuring Agreements.

CONDITIONS

None of the conditions under E.3.e. Conditions Applicable to Insuring Agreements A. 7—Fraudulent Impersonation in the Commercial Crime Policy apply to the Fidelity and Forgery Policy, since it does not include this Insuring Agreement.

This is an update with the 06 22 edition due to the reformatting of the Policies and Coverage Forms in the Condition sections. Conditions are now presented similarly in both the Insuring Agreements, reducing noticeable differences. However, the Fidelity and Forgery Policy remains limited to only two Insuring Agreements: A.1 and A.2.

DEFINITIONS

The following defined terms in the Commercial Crime Policy are not in the Fidelity and Forgery Policy because the coverages they apply to are not part of that policy.

• Authorized person
• Change of account request
• Computer program
• Computer system
• Counterfeit money
• Custodian
• Electronic data
• Financial institution
• Financial institution premises
• Messenger
• Premises
• Robbery
• Safe burglary
• Transfer account
• Transfer instruction
• Vendor
• Watchperson

NOTE: The definition of occurrence in the Fidelity and Forgery Policy does not reference all other Insuring Agreements in the Commercial Crime Policy, as it excludes those Insuring Agreements.