Table 3
|
Event-Type Category |
Definition |
|---|---|
|
Internal fraud External fraud Employment Practices and Workplace Safety |
Losses due to acts of a type intended to defraud, misappropriate property or circumvent regulations, the law or company policy, excluding diversity/discrimination events, which involves at least one internal party Losses due to acts of a type intended to defraud, misappropriate property or circumvent the law, by a third party Losses arising from acts inconsistent with employment, health or safety laws or agreements, from payment of personal injury claims, or from diversity/discrimination events |
|
Clients, Products & Business Practices Damage to Physical Assets |
Losses arising from an unintentional or negligent failure to meet a professional obligation to specific clients (including fiduciary and suitability requirements), or from the nature or design of a product Losses arising from loss or damage to physical assets from natural disaster or other events |
|
B |