Insurances: Deliberate damage by the insured, Failure to protect damaged property, Employee dishonesty, Infidelity, War, Terrorism and Hacker attack

This Skill Bit covers key exclusions in insurance coverage. It emphasizes that deliberate damage by the insured is not reimbursed, preventing fraudulent claims. Failure to protect damaged property post-incident also leads to exclusions, requiring policyholders to take reasonable precautions. Additionally, employee dishonesty is excluded from standard policies but can be covered through fidelity bonds. Finally, common exclusions include damages from war, terrorism, and hacker attacks, which typically require additional or specialized coverage to address these high-risk events.

Duration approx. 3 Min.

Tier: proficiency

A part of A Professional’s Guide to Business Insurance Coverage course.