ABC, Inc. has a Commercial Package Policy with how much limit of insurance for Employee Theft?

Prepare for the Florida 2-20 Insurance Agent License Exam. Leverage flashcards and multiple-choice questions with detailed explanations. Be exam-ready with confidence!

In a Commercial Package Policy (CPP), the coverage for Employee Theft is typically included under the Crime insurance part of the policy. The standard limit for Employee Theft coverage in many CPPs can be up to $100,000. This limit is designed to protect businesses from losses resulting from dishonest acts by employees, which can significantly impact a company's financial stability.

Understanding the specific coverage limits is crucial for businesses to adequately protect their assets from potential internal theft. The $100,000 coverage provides a substantial safety net, allowing businesses to recover a significant portion of their losses should they experience employee-related theft.

The other options present limits that fall outside of the typical standard coverage provided in most Commercial Package Policies, making $100,000 the most suitable and commonly recognized limit for this type of insurance. This limit balances providing sufficient protection against potential employee theft while also managing the cost of the policy to the business.

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