Chapter 6

Question 1

Electronic Protection

Answer 1

Electrical protection is concerned with setting up electronic barriers to restrict unauthorized access to property.

Question 2

Physical Protection

Answer 2

Physical protection is concerned with setting up physical barriers to restrict unauthorized access to property

Question 3

Perimeter Protection

Answer 3

Refers to methods used by owners to secure access to the premises when the business is closed

Question 4

Area Protection

Answer 4

Refers to the protection provided to areas within the building where valuable property is being stored.

Question 5

Point Protection

Answer 5

Provides direct security for individual items such as safes, vaults, chests or expensive equipment.

Question 6

Line Security

Answer 6

Refers to the ability of a telephone line to withstand tampering

Question 7

Money

Answer 7

Currency and coin in current use and having a face value

Question 8

Securities

Answer 8

All negotiable and non-negotiable instruments or contracts representing money or other property and includes stamps in current use, tokens, but does not include money

Question 9

Burglary

Answer 9

The unlawful taking of the property of another person unlawfully entering or leaving the premises as evidenced by marks of faceable entry to exit

Question 10

Robbery

Answer 10

Taking of insured property from a custodian by a person who has
- caused to threatened to cause the custodian bodily harm
- committed an over unlawful act witnessed by the custodian
- Taken such property from a custodian who has been killed or unconscious

Question 11

Custodian

Answer 11

An owner, partner or authorized employee to that has care and custody of the insured property

Question 12

Theft

Answer 12

Includes all means of taking property without the owners consent

Question 13

Employee Dishonesty

Answer 13

Loss which the insured shall sustain resulting directly from one or more fraudulent or dishonest acts committed by an employee, acting alone or in collusion with others

Question 14

Discovery Period

Answer 14

The time permitted by an insurer commencing with the expiry date of the policy, in which claim must be discovered by the insured if it is to be covered by the policy

Question 15

Messenger

Answer 15

The insured or partner of the insured or any employee who is duly authorized by the insured to have the care and custody of the insured property outside the premises.

Question 16

Forgery

Answer 16

Fradulentlyaltering any writing of another without his authority.