Which individual is NOT typically classified as a "custodian" in commercial crime insurance?

In the context of commercial crime insurance, the term “custodian” typically refers to individuals who have direct care and control of the property, particularly cash and securities. This role often applies to individuals who are entrusted with the responsibility of safeguarding these assets.

The correct response identifies "EmployeeX" as not typically classified as a custodian. This is because the classification of a custodian generally involves individuals who have a defined managerial or ownership role, thereby carrying the responsibility for the oversight of assets. In this scenario, "InsuredX," "Owner," and "Manager" can all represent individuals who hold positions related to the protection and management of resources, thus fitting the custodian definition since they have a direct or overarching role in asset management.

On the contrary, "EmployeeX" may not necessarily have the custodial responsibilities associated with safeguarding cash or securities but could instead be an employee whose role does not include direct oversight or control over these assets, differentiating them from those classed as custodians.