1. We discussed the commercial crime policy and its many insuring agreements (also called sections or coverage parts). With those coverage parts in mind, you are a risk management consultant. For the following losses, identify an appropriate insuring agreement (coverage part that will cover the loss.

1. Tom owns a small bait and tackle shop in Corpus Christi and takes his daily deposits to his bank each afternoon. He was walking to his car with the deposit and a man came up behind him with a gun demanding the bank deposit bag. Tom feared for his life and surrendered the deposit bag with all the money.
2. Tom changed his plans after the parking lot event and now keeps a great deal of cash in a locked safe inside the surf shop. Unfortunately, someone broke into the store and the locked safe stealing all the money.
3. Tom had a recent audit of his books and inventory. It was found that 10 rods and reels were missing, and the police have determined a clerk in the store, (one of Toms long-time employees) had taken them and sold them along with a large amount of fishing tackle.
4. In C above, the facts reveal Tom had known of the dishonest acts for several years and failed to say anything about it to either his clerk, his insurance carrier, or his insurance agent. Would that change the way the claim was paid? Why?
5. Tom wants to expand his business and has begun to sell over the Internet. A theft hacked into his business computer and transferred company funds to another party.