Common use of Employee Theft Clause in Contracts

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 Insurer will pay for Loss sustained by the Company for loss discovered by an Insured Entity of Money Money, Securities and Financial Instruments, Securities, and Other 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:.