Offices or Premises Covered Clause Samples
Offices or Premises Covered. Offices acquired or established subsequent to the effective date of this Bond are covered according to the terms of General Agreement A. All the Insured□s offices or premises in existence at the time this Bond becomes effective are covered under this Bond except the offices or premises located as follows: N/A See Form FI8801 FS 2062589 13 such termination or cancellation to be effective as of the time this Bond becomes effective. The Underwriter, in consideration of an agreed premium, and subject to the Declarations made a part hereof, the General Agreements, Conditions and Limitations and other terms of this Bond, agrees with the Insured, in accordance with Insuring Agreements hereof to which an amount of insurance is applicable as set forth in Item 3 of the Declarations and with respect to loss sustained by the Insured at any time but discovered during the Bond period, to indemnify and hold harmless the Insured for: FIDELITY
(A) Loss resulting from any dishonest or fraudu- lent act(s), including Larceny or Embezzlement committed by an Employee, committed any- where and whether committed alone or in collusion with others, including loss of Prop- erty resulting from such acts of an Employee, which Property is held by the Insured for any purpose or in any capacity and whether so held gratuitously or not and whether or not the Insured is liable therefor. Dishonest or fraudulent act(s) as used in this Insuring Agreement shall mean only dishonest or fraudulent act(s) committed by such Em- ployee with the manifest intent:
(a) to cause the Insured to sustain such loss; and
(b) to obtain financial benefit for the Em- ployee, or for any other person or or- ganization intended by the Employee to receive such benefit, other than salaries, commissions, fees, bonuses, promotions, awards, profit sharing, pensions or other employee benefits earned in the normal course of employment. ON PREMISES
(B) Loss of Property (occurring with or without negligence or violence) through robbery, bur- glary, Larceny, theft, holdup, or other fraudu- lent means, misplacement, mysterious unex- plainable disappearance, damage thereto or destruction thereof, abstraction or removal from the possession, custody or control of the Insured, and loss of subscription, conver- sion, redemption or deposit privileges through the misplacement or loss of Property, while the Property is (or is supposed or believed by the Insured to be) lodged or deposited within any offices or premises located anywhere...
