What is the term for a commercial crime coverage form that covers losses sustained during the policy period?

The term "Loss Sustained form" specifically refers to a type of commercial crime coverage that addresses losses incurred during the policy period. This means that the insured is covered for losses that can be traced back to incidents that occurred while the policy was active. It is key in terms of coverage because it focuses on actual losses that happened within the specified timeframe of the policy.

This form is favored by businesses seeking protection against crimes such as theft or fraud that may not be immediately discovered. It ensures that any loss that occurred and was identified during the policy period is eligible for a claim. The coverage is particularly beneficial because it provides a safety net for businesses against unforeseen criminal acts that might impact their financial standing.

In contrast, the other options provided do not align with this specific definition. An occurrence form typically applies to general liability coverage and extends to losses identified even after the policy period ends, as long as the incident leading to the loss occurred during the period. The terms "abstract policy" and "events covered policy" do not correspond to recognized forms in the context of commercial crime coverage, making them less relevant to the question asked.