Which individual is NOT considered a "custodian" in commercial crime insurance?

In the context of commercial crime insurance, a custodian is typically defined as an individual who has physical custody of property, which includes things like money and securities. This often encompasses roles associated with the management and safekeeping of valuable items within a business.

The individual who is classified explicitly as a customer does not fit this definition. A customer is someone who purchases goods or services from a business and does not have custodial responsibilities over the company’s assets. Instead, customers are more about engaging in transactions with a business rather than managing or safeguarding the business’s assets. Therefore, they do not take on the role or responsibilities associated with custodianship in the context of commercial crime insurance.

In contrast, employees, owners, and agents can all serve as custodians under certain conditions. Employees may be responsible for handling company funds, owners routinely manage the business’s property, and agents might have duties that involve safekeeping company assets.