Which limitation is found under the Inside the Premises coverage for theft of money and securities?

Study for the Certified Insurance Counselor Commercial Multiline Exam. Utilize interactive flashcards and multiple-choice questions, all with detailed explanations. Prepare thoroughly for your exam!

The limitation found under the Inside the Premises coverage for theft of money and securities is that coverage does not extend outside 100 feet from the premises. This means that the protection offered under this particular coverage is confined to a specific radius from the insured location, emphasizing the intention to safeguard assets such as cash and securities that are stored within the business's immediate vicinity.

This limitation underscores the importance of securing the premises and discourages theft from locations outside the specified boundary. By defining the range of coverage, insurers manage risk effectively and can offer targeted protection for businesses that center their transactions and cash handling close to their operational base.

The other options do not reflect the nuances of the Inside the Premises coverage. For instance, coverage is not strictly confined to business hours, nor is there a requirement for the entire building to be insured for coverage to apply. Additionally, coverage does not limit protection to only specific employees; the protection is designed to cover all losses within the defined parameters related to theft. The precise boundaries of the coverage, in this case, are critical to understanding how business owners can protect their financial assets effectively.

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