| An employee, under
Crime coverage, must be a natural person. A business
organization is not an employee. Generally, the
right to control and to direct a person makes
a someone an employee. For
insurance purposes, an "employee"
may also be a former employee who commits a
wrongful act immediately after being let go.
Managers are employees acting within the scope
of their employment. Temporary workers are considered
employees. Leased employees are not. Executive
officers may or may not be employees for coverage
purposes.
There are three ways
to place employees under a Crime policy: as
individuals, by position, or as groups of employees
under blanket coverage. These are referred to
as a name schedule, a position schedule, or
a blanket schedule. Which schedule you would
use depends on the employees you want covered.
Crime insurance
has a wealth of endorsements used to modify
the basic coverage. It takes a great deal of
study on an insurance agent's part to set Crime
coverage up properly.
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