Crime forms use three terms that everyday speech blurs:
Theft: the broad term, meaning any unlawful taking of property to the deprivation of the insured, as in shoplifting.
Burglary: taking property by unlawful entry, typically with visible signs of force, and no confrontation with a person.
Robbery: taking property from a person's care and custody by causing or threatening bodily harm, or by an obviously unlawful act that person witnesses.
Employee Theft pays for money, securities and other property stolen by an employee, acting alone or with others. The employee need not be identified. A business buys it because trusted workers have direct access to its funds and stock. Inside the Premises coverage does not cover theft by the insured's own employees.
One limit matters in practice: Employee Theft excludes a loss whose existence or amount depends on an inventory or profit and loss computation. A shortage may be a miscount rather than a theft. The insured must first show a loss by other evidence; only then may it use inventory records to support the amount.