Employee Theft Clause Samples
The Employee Theft clause defines the responsibilities and consequences related to theft committed by employees within the scope of their employment. Typically, this clause outlines the procedures for investigating suspected theft, the obligations of the employer and employee, and the potential disciplinary actions or liabilities that may arise if theft is confirmed. Its core practical function is to deter dishonest behavior, protect company assets, and provide a clear framework for addressing incidents of employee theft.
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Employee Theft. We will pay for loss of or damage to money, securities and other property caused by theft by any employee of the covered party while acting alone or in collusion with others. The amount we pay is limited to that portion of loss exceeding the deductible shown on the Information Pages. We will then pay in excess of the deductible up to the limit shown for this coverage in the Information Pages.
Employee Theft. The Insurer will pay for loss of or damage to “money”, “
Employee Theft. CLIENT PREMISES Provided that the Insurer’s liability will not apply to damage to the “premises” unless the “Named Insured” is the owner of such “premises” or is legally liable for such damage.
Employee Theft. Company shall maintain employee theft coverage including protection against forgery and alteration, inside and outside premises loss, computer funds transfer loss and theft of customer property. Policy coverage in include theft of monies owed to Client for employee payroll, Client extra duty administrative fees and Client cruiser fees. Liability limit shall be at least Five Hundred Thousand Dollars ($500,000).
Employee Theft. The Insurer will pay the Company for loss discovered by an Insured of Money and Financial Instruments, Securities, and Property as a direct result of Employee Theft. The Insurer will pay on behalf of the Insured, Loss incurred by the Insured, in excess of the Retention amount, resulting directly from Wire Fraud. This insurance applies only if:
Employee Theft. The foregoing notwithstanding, “employee” does NOT mean any agent, broker, factor, commission merchant, consignee, independent contractor or representative of the same general character.
Employee Theft. Such limit shall be a part of and not in addition to the Limit of Insurance for INSURING AGREEMENT 1. – EMPLOYEE THEFT stated on the Declarations.
Employee Theft. An employee being under the influence of alcohol or an illegal substance while on duty.
Employee Theft. Money and property that You own or for which You are legally responsible. They are covered against theft by an Employee.
1. Any loss that is not discovered within twelve months of when the theft occurred.
2. Any theft by an Employee that takes place after You had found a previous theft committed by the same Employee.
3. Any loss that takes place outside Australia.
Employee Theft. Per Loss Coverage - for loss of or damage to money, securities and other property resulting directly from theft committed by an employee, whether identified or not, acting alone or in collusion with other persons.