Which of the following is considered a covered property under the employee theft coverage?

Employee theft coverage, often included in fidelity bonds or crime insurance policies, protects a business from losses incurred due to dishonest acts by employees, such as theft of property. Under this coverage, the definition of covered property typically extends to various forms of tangible and intangible assets.

Securities, which include stocks, bonds, and other financial instruments, are commonly considered covered property under employee theft coverage because they represent ownership or debt and can be directly stolen or misappropriated by an employee. Their inclusion in the policy ensures that businesses are protected against losses resulting from the theft of these valuable items.

On the other hand, while cash and currency might seem like a prime example of covered property, they can sometimes be treated differently depending on the specifics of the insurance policy. Automatic teller machines and real estate properties typically fall outside the purview of employee theft coverage because they are classified differently; for instance, real estate generally involves different forms of risk associated with theft that are not covered under employee theft policies. Understanding the nuances of what's covered under employee theft protection is crucial for business owners to effectively mitigate risks related to employee dishonesty.