Common use of Commercial Crime Insurance Clause in Contracts

Commercial Crime Insurance. If this Agreement includes Work where Contractor may have access to the Court’s financial assets this section applies: Commercial Crime insurance endorsed to cover loss of money, securities, or other property, with intrinsic value, belonging to the Court, if the loss is the result of the dishonest acts of the Contractor or its employees, whether acting alone or in collusion with others. The policy shall provide limits of not less than $100,000 per occurrence.