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.
It also includes taking something when there is no human interaction involved. Shoplifting is an example of theft. The criminal takes something of value, and no employee of the store is threatened by the criminal. A fictitious example will be used to demonstrate the difference between robbery and theft. Small Town Store, LLC, sent one of its employees to the bank to make a deposit.