Question

Employee theft coverage may be written as

A) Blanket coverage
B) Name schedule coverage
C) Position schedule coverage
D) Any of the above

Answer 1

Employee theft coverage can be issued as Blanket coverage, Name schedule coverage, or Position schedule coverage. Thus, the correct answer is D) Any of the above, as businesses can choose the type of policy that best suits their needs.

Step-by-step explanation:

Employee theft coverage can be written in various forms depending on the needs of the business and what is being insured. The coverage options include:

• Blanket coverage: This type of policy provides a single coverage limit that applies to all employees, regardless of their position or status within the company.
• Name schedule coverage: With this option, each employee to be insured is individually listed, along with the coverage amount applicable to them.
• Position schedule coverage: This policy covers individuals based on their position within the company, not their names, which is helpful when job positions have a high turnover rate.

Given these options, the correct answer to the question is D) Any of the above, as each of these types of coverage could be used for employee theft insurance.