Who is the custodian in comerical crime coverage?

In commercial crime coverage, the custodian is typically defined as the individual or entity responsible for the protection and control of the insured's property, particularly cash and securities. This role often includes employees, officers, or any designated person who handles or safeguards these assets on behalf of the business. The custodian's actions and responsibilities are critical in determining the coverage and claims related to theft, fraud, or other criminal acts affecting the insured property.