Commercial Crime Forms for Executive Protection Firms

What Commercial Crime forms are available for Executive Protection Firms?

Form selection on Commercial Crime for Executive Protection Firms is more consequential than most operators realize. Two policies with the same limit and similar premium can respond very differently to the same loss based on form choices.

The high-impact form decisions for workforce provider: occurrence vs claims-made trigger, completed-operations coverage scope, additional-insured endorsement form, and pollution coverage approach. Each of these choices materially affects how the policy responds at claim time.

The trigger decision for Executive Protection Firms on Commercial Crime

Occurrence and claims-made are two different ways an Commercial Crime policy "triggers" — meaning, decides whether a claim is covered.

• Occurrence: the policy responds to claims arising from events during the policy period, regardless of when the claim is filed. A claim filed 5 years after the event is still covered by the policy in effect when the event occurred.
• Claims-made: the policy responds to claims filed during the policy period (regardless of when the event occurred), provided the event happened after the retroactive date. The policy must remain in force for coverage to apply.

For Executive Protection Firms on workforce provider risks, occurrence is generally preferred for liability lines because losses can take years to surface. Claims-made requires careful retroactive date and tail coverage management.

What the retroactive date means for Executive Protection Firms on Commercial Crime

The retroactive date on a claims-made Executive Protection Firms Commercial Crime policy is functionally a "coverage starts here" marker. Move the retro date forward (closer to today), and you cover less prior exposure. Move it back (earlier), and you cover more.

Carriers sometimes try to advance the retro date at renewal, especially after a claim. Resisting this is important — accepting a later retro date trades long-tail coverage for short-term premium savings, often a bad bargain.

Tail coverage (ERP) on Executive Protection Firms Commercial Crime

When a claims-made Commercial Crime policy terminates (non-renewal, cancellation, carrier change, business sale), the executive protection firm loses the ability to file claims under that policy. Tail coverage — also called Extended Reporting Period (ERP) — preserves the ability to file claims after termination for events that occurred during the policy period.

For Executive Protection Firms, the standard tail is 1-3 years; some policies offer unlimited tails. Cost is typically 100-250% of the final annual premium for the full tail period. Planning for tail coverage at every claims-made policy transition is essential to avoid uncovered exposure.

How loss valuation works on Executive Protection Firms Commercial Crime

Valuation form on Executive Protection Firms Commercial Crime property lines is one of the most consequential form choices. Two policies covering the same building with the same limit can pay dramatically different amounts at claim time based on valuation.

The recommendation for most Executive Protection Firms: choose replacement cost on real property and important equipment; consider ACV only for items that genuinely depreciate fast or where the executive protection firm accepts the lower claim payment.

Common Commercial Crime endorsements relevant to Executive Protection Firms

Most Commercial Crime policies on Executive Protection Firms benefit from standard endorsements that extend coverage:

• Additional insured (blanket): lets the executive protection firm grant AI status to contracting parties without per-contract endorsements
• Waiver of subrogation (blanket): required by many contracts
• Primary and noncontributory: makes the executive protection firm's policy respond first to AI claims
• Completed operations extension: extends coverage beyond policy expiration for completed work

These typically cost $0-$500/year combined and handle the vast majority of contractual requirements without per-contract negotiation.

How form choices affect Executive Protection Firms Commercial Crime pricing

Executive Protection Firms Commercial Crime pricing varies meaningfully with form choices, but the variation usually buys real coverage rather than just adding cost. The standard recommendations (special form, RC, occurrence, blanket endorsements) typically add 10-25% to base premium and produce materially better claim-time outcomes.

Going the other way — basic form, ACV, claims-made, scheduled — saves premium but creates exposure that often shows up at claim time. For most Executive Protection Firms, the savings don't justify the risk.