Final answer:
A loss to the contents of a safe on the insured premises is typically covered when there is evidence of forced entry or exit and fire damage, assuming appropriate safety systems like fire sprinklers are in place and maintained.
Step-by-step explanation:
To be covered for a loss to the contents of a safe while located on the insured premises, two requirements typically need to be present. The first requirement is forced entry or exit, indicating that there has been a security breach involving physical force. This shows evidence of a burglary or attempted theft, which is a risk that insurance policies usually cover for the contents of a safe. The second requirement that often needs to be met is damage due to a covered peril, such as fire damage. Insurance companies may provide coverage if the safe and its contents are damaged or destroyed by fire, assuming that minimum safety measures like fire sprinkler systems are in place and functioning.
While natural disasters and employee negligence can also lead to loss, these are not universally covered perils for the content of safes; coverage would depend on the specific terms and exclusions of the policy. Natural disasters may be covered under separate policies or specific provisions, and losses due to employee negligence might require different types of coverage, such as fidelity bonds.