Dictionary of Business Terms: mercantile safe burglary insurance
mercantile safe burglary insurance
coverage in the event a safe of a business is forceably entered, either on or off the premises, and property is stolen from the safe. Also covered is damage to the premises during actual or attempted burglary.
Dictionary of Insurance Terms: mercantile safe burglary insurance
mercantile safe burglary insurance
coverage in the event a safe of a business is forceably entered, either on or off the premises, and property is stolen from the safe. Also covered is damage to the premises during actual or attempted burglary. Premium rates can be reduced through precautions such as burglar alarms, guards, and other protective measures. There is no coinsurance or deductible requirement. This policy has generally been replaced by current commercial crime coverage forms.
