Blanket Crime Policy

Blanket Crime Policy

An insurance policy that provides coverage for all financial crimes that result in losses to a business. For example, a blanket crime policy covers employee theft, lost deposits, acceptance of counterfeit money and so forth. Blanket crime policies have become less common with the increase in popularity of specific policies provided in a commercial crime coverage form.
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LG&E Natural's insurance carrier has been notified of the company's intent to pursue claims under the company's Blanket Crime Policy, which covers losses of $10 million per loss.