The other approach is to use the identical crime insurance program for each client. Inc. SBR is the crime program that provides severely restricted coverages. Burglary and robbery coverage are included as part of the storekeeper's burglary and robbery forms. On the other hand, the broad form storekeeper's burglary and robbery coverages include embezzlement, forgery, theft, disappearance, destruction and burglary. Several scenarios will be used to illustrate these various crime perils.
Robbery is one of the most limiting perils used in crime insurance.
A practical definition of robbery is that something of value is taken from a person by the use of violence or the threat of violence. It also includes taking money or other property from the body of a person killed during the robbery process. While robbery is a very limited peril, theft is a peril with almost limitless applications. Any act of stealing is the definition often used to describe theft. Theft includes robbery, which was described in the preceding paragraph.