Common use of TOOL INSURANCE Clause in Contracts

TOOL INSURANCE. The company at its own expense shall insure for damage or loss caused by fire, or flood, the tools of its employees which are required in the performance of their work. This provision for tool insurance shall also apply to loss by theft where the tools are stored in a designated place of safety within the control of the Company and there is forcible breaking and entering. The insurance coverage provided shall be subject to a deductible of fifty dollars ($50.00) in respect of each employee’s claim.

TOOL INSURANCE. The company Company, at its own expense expense, shall insure for damage or loss caused by fire, fire or flood, the tools of its employees which are required in the performance of their work. This provision for tool insurance shall also apply to loss by theft where the tools are stored in a designated place of safety within the control of the Company and there is forcible breaking and entering. The insurance coverage provided shall be subject to a deductible of fifty dollars ($50.00) in respect of each employee’s 's claim.

TOOL INSURANCE. The company Company at its own expense shall insure for damage or loss caused by fire, or flood, the tools of its employees Employees which are required in the performance of their work. This provision for tool insurance shall also apply to loss by theft where the tools are stored in a designated place of safety within the control of the Company and there is forcible breaking and entering. The insurance coverage provided shall be subject to a deductible of fifty dollars ($50.00) in respect of each employeeEmployee’s claim.

TOOL INSURANCE. The company Company, at its own expense expense, shall insure for damage or loss caused by fire, fire or flood, the tools of its employees which are required in the performance of their work. This provision for tool insurance shall also apply to loss by theft where the tools are stored in a designated place of safety within the control of the Company company and there is forcible breaking and entering. The insurance coverage provided shall be subject to a deductible of fifty dollars Fifty Dollars ($50.00) in respect of each employee’s claim.