Which statement about Commercial Crime Coverage is incorrect?

The correct response indicates that the statement regarding the definition of robbery is not accurate. In the context of Commercial Crime Coverage, the definition of robbery specifically refers to the unlawful taking of property from a person by force or threat of force, but it does not include situations involving mere forcible entry into premises without personal confrontation. Therefore, the characterization of robbery in that statement does not align with the standard definitions typically found in insurance policies.

Understanding this is important for comprehending how crime coverage functions, especially when it comes to protecting businesses against various types of theft or loss. The nuances in definitions ensure that businesses have a clear understanding of what is and isn’t covered under their crime insurance policies.

As for the other statements, they correctly reflect aspects of Commercial Crime Coverage. A watch person typically has specified responsibilities focused on protecting property, Employee Dishonesty Coverage does extend to cover items beyond just money, and it’s common practice that Employee Dishonesty Coverage provides automatic protection for new employees, as they are often included in the policy without needing to notify the insurer for immediate coverage.