01 / The meaning
What it means.
Different sections may distinguish forced entry, theft without forcible entry, robbery, shoplifting and dishonesty by employees. Money, portable equipment, stock left outdoors and goods in vehicles may have separate restrictions. A policy labelled property insurance does not necessarily cover all these situations. Check the insured premises, security requirements, unattended-property conditions and any evidence needed about how the property disappeared.
Discovery of missing stock also requires careful investigation. An unexplained inventory discrepancy may differ from an identifiable theft event. Preserve relevant footage, access logs, invoices and stock records, report matters to police where appropriate and follow the policy’s notification process. Take reasonable steps to protect remaining property without destroying evidence. Insurer approval may be needed before replacing high-value items or making a final settlement with another party.
02 / Put it in context
A practical example.
Hypothetical example: a trades business discovers tools missing from a locked van overnight. It records the vehicle location, photographs damage, lists serial numbers and checks its portable equipment and theft terms, rather than assuming all tools are covered wherever parked.
This example illustrates the term. It does not predict a claim outcome.
03 / Read the detail
What to check.
- Identify the theft definition and any forced-entry or security requirements.
- Check separate limits for money, portable tools and property in vehicles.
- Keep ownership records, incident details and available evidence of the loss.
04 / Start a useful conversation
A question for your broker.
What types of theft are insured for our property, and which locations or security conditions could change the response?
05 / Connect the terms
Keep the meaning in context.
06 / Apply it to your business
Related insurance guides.
Further reading
Read the source guidance alongside the relevant policy wording.
General information only. This does not take into account your objectives, financial situation or needs. Before acting, consider whether the information is appropriate for you. Cover is subject to insurer acceptance and the policy terms, conditions, limits and exclusions. Read the Financial Services Guide and the relevant PDS (where applicable) and/or policy wording before deciding.
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