What Does Robbery Mean?
Robbery is a crime where the perpetrators use intimidation or force (and even violence against a person or things) to obtain objects of value. To qualify as robbery (and not just theft), a human victim must be present. Damage caused by robbery can be covered by an insurance policy.
Insuranceopedia Explains Robbery
Robbery happens when there is a person threatened or harmed in the attempt of the perpetrator to get a valuable item. In the United States, robbery is a crime against a state. However, when a financial institution such as bank is robbed, it becomes a federal crime instead of a state crime.
Crimes like robbery can bring a business down. Unfortunately, a crime risk is not often covered in commercial property insurance. One has to specify it to the insurer for it to be covered. When it is one of the named perils, the policyholder with the help of their policy can resuscitate their business from the loss caused by the crime.