What are the two coverage triggers in Commercial Crime policies?

In Commercial Crime policies, the two coverage triggers are the discovery form and the loss sustained form. The discovery form provides coverage for losses that are discovered during the policy period, regardless of when the actual loss occurred, as long as it was after the retroactive date of the policy. This is particularly useful for businesses that may not realize a loss has occurred until later.

On the other hand, the loss sustained form offers coverage for losses that are specifically sustained during the policy period. This type of trigger is essential for policies where the timing of when the loss occurred is critical, ensuring that only those losses that happened while the policy was in effect are covered, regardless of when they are discovered.

Understanding these two coverage triggers is crucial for businesses to ensure they have adequate protection against various crime-related exposures. The other options listed do not accurately reflect the coverage mechanisms found in Commercial Crime policies, as they focus on claims reporting and policies not typically associated with crime coverage.