Final answer:
In a Commercial Crime policy, most exclusions are meant to specify certain situations or events that are not covered, except for indirect losses.
Step-by-step explanation:
In a Commercial Crime policy, the universal exclusions are typically meant to specify certain situations or events that are not covered by the policy. These exclusions help define the scope of coverage and limit the liability of the insurer. The correct option, as per the question, is A. indirect losses because indirect losses can be covered in some Commercial Crime policies based on the specific terms and conditions.
For example, if a company suffers a financial loss due to the theft of trade secrets by a former employee, that loss may be considered an indirect loss and can potentially be covered by the Commercial Crime policy. However, theft or dishonest acts committed by the insured (option B), theft of money or securities outside the insured premises in the care of a messenger (option C), and seizure or destruction of property by government authority (option D) are all examples of situations that are typically excluded from coverage in a Commercial Crime policy.