What it does

CR 25 24 adds an exclusion for high-grading, the theft of valuable ore by mine employees, a chronic and hard-to-measure loss at precious-metals mines that underwriters do not want under employee theft.

Who needs it

Gold, silver and other metal mining operations.

How it fits the policy

This endorsement changes the base crime or fidelity form it is attached to and is listed with the other endorsements on the declarations. Schedules in the endorsement (names, positions, amounts or dates) control how it applies, so confirm the schedule is complete before binding. ISO's forms index lists the current edition for 52 jurisdictions.

Quoting and selling notes

• Explain the gap to the insured; ore theft by workers will not be covered.

Related forms

See CR 00 21.