Chapter 6

Question 1

Physical Protection

Answer 1

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

Question 2

Electronic Protection

Answer 2

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

Question 3

Perimeter protection

Answer 3

Refers to the 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, filing cabinets, display cases, expensive equipment.

Question 6

Line Protection

Answer 6

Refers to the ability of a telephone line to withstand tampering.

Question 7

Money

Answer 7

Currency and coins in current use and having a face value

Question 8

Securities

Answer 8

Means all negotiable and non-negotiable instruments or contracts representing money or other property and includes revenue and other stamps in current use, token and tickets but does not include money.

Question 9

Burglary (Insurance Meaning)

Answer 9

the unlawful taking of property by a person unlawfully entering or leaving the premises as evidenced by marks of forceable entry or exit.

Question 10

Robbery (Insurance Meaning)

Answer 10

Robbery means the taking of insured property from a custodian by a person or persons who have:
- caused or threatened to cause the custodian bodily harm; or
-committed an overt unlawful act witnessed by the custodian; or
-taken such property from a custodian who has been killed or rendered unconscious

Question 11

Custodian

Answer 11

Included the Insured(s), their partner(s) or any employee authorized by them to have the care and custody of 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 a claim must be discovered by the Insured if it is to be covered by the policy.

Question 15

Messenger

Answer 15

The Insured or a 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

A person is guilt of forgery if he fraudulently alters any writing of another without his authority or makes completes, executes authenticates issues or transfers any writing so it purports to be the act of another who did not authorize that act