What kind of loss does the "outside premises" coverage under commercial crime insurance protect against?

The "outside premises" coverage under commercial crime insurance specifically protects businesses against the loss of money or securities while they are outside the insured premises. This type of coverage is designed to guard against risks such as theft or loss that can occur in a variety of scenarios outside the business’s immediate control, including while transporting money or securities to and from financial institutions, or during transactions conducted off-site.

In the context of commercial crime insurance, this coverage is crucial for businesses that handle significant amounts of cash or valuable securities, as it provides financial protection against potential losses that can severely affect a company's operations and financial stability. The focus is on theft and loss in public spaces where the business does not have direct supervision or control, making this coverage essential for comprehensive risk management.

Other options, while relevant to different aspects of insurance coverage, do not pertain to the specific protections offered by "outside premises" coverage. Fire and natural disasters fall under property insurance rather than commercial crime insurance, and theft by employees relates to employee dishonesty coverage rather than off-premises risks.