Employee Theft coverage excludes which of the following?

Employee Theft coverage specifically protects businesses against financial losses caused by dishonest acts of employees, such as theft or embezzlement of funds, property, or securities. However, it does not cover all aspects of the financial impact stemming from such actions.

In this context, work loss refers to the loss of income or profits resulting from operational disruptions due to employee theft or dishonesty. Employee Theft coverage is firmly focused on direct monetary losses related to theft activities and does not extend to compensating for regained operational or work losses that a business may experience as a consequence.

The other options listed, such as stolen funds, forgery, and embezzlement, are directly related to the financial misconduct typically covered under Employee Theft policies. For example, forgery of company checks or documents by an employee would qualify for coverage, as it falls squarely within the realm of dishonest acts leading to direct financial loss for the business. Embezzlement, which involves employees wrongfully taking money or property entrusted to them, is also covered as it directly represents theft.

To summarize, while Employee Theft coverage provides a safety net against theft and fraudulent acts by employees, it does not encompass situations where a business experiences losses due to decreased productivity or income, such as work