A Discovery Form Commercial Crime policy can apply to losses discovered how many days after its expiration date?

A Discovery Form Commercial Crime policy is designed to cover losses that are discovered during the policy period, as well as losses that are discovered up to a specified time after the policy has expired. This is particularly important for businesses that may not immediately realize that a crime has occurred, such as employee theft or fraud.

In this context, a 60-day discovery period after expiration allows policyholders the necessary time to identify and report losses that may have occurred while the coverage was active. This extension is beneficial because it provides protection against the potential delay in recognizing a crime, ensuring that the insured can still claim for losses that might not become apparent until some time has passed following the policy's expiration. This flexibility is a safeguard to support businesses in managing their risk of crime-related losses effectively.