Direct Financial Loss definition

Direct Financial Loss means the loss of moneys and / or stock at prime cost belonging to the Insured proved to have been criminally misappropriated and disposed of by the Employed excluding any consequential loss of any kind.

Direct Financial Loss means the Theft of Property belonging to an Insured Organisation or to a Client which is in the care, custody and control of the Insured Organisation.Direct Financial Loss does not include:

Direct Financial Loss means direct financial loss caused by the loss of Money or Securitiesowned by the Policyholder or any Subsidiary.

Examples of Direct Financial Loss in a sentence

• Any further Direct Financial Loss caused by the same Employee after the date of Discovery will not be covered by this policy.Insured’s Consent The Insurer may make any settlement of any Claim it deems expedientwith respect to any Insured, subject to such Insured’s written consent.

• No school is required to take part in any tournament, but when once entered under the plan outlined, schools shall carry out their part of the program in fairness to all other schools represented.

• The Insurer’s consent shall not be unreasonably withheld, provided that the Insurer shall be entitled to exercise all of its rights under the policy.Loss Mitigation As soon as the Insured Discovers a Direct Financial Loss involving anidentified Employee, the Insured must immediately take all necessary steps to prevent any additional Direct Financial Loss being caused by the same identified Employee.

• Direct Financial Loss does not mean regular or overtime wages, salaries or other remuneration benefits earned in the normal course of employment.

• Direct Financial Loss shall mean the loss of moneys and or stock at prime cost belonging to You proved to have been criminally misappropriated and disposed of by the Employed excluding any consequential loss of any kind.2. Dishonesty refers to breach of faith on the part of the employee resulting in pecuniary loss to the employer which results from such breach of faith on the part of the employee.

More Definitions of Direct Financial Loss

Direct Financial Loss means financial loss sustained by the Named Insured caused by the loss of:

Direct Financial Loss means only toll charges that the Insured is liable for because of unauthorized access and use of their “Telephone Systems”.

Direct Financial Loss means pecuniary loss sustained by the Company. Direct Financial Loss shall not include:

Direct Financial Loss means "Your” monetary or other financial asset loss as a result of a “Funds Transfer Fraud” under Coverage I. The most “We” will pay for any “Direct Financial Loss” arising from

Direct Financial Loss means loss of any property,money or securities sustained by the Company as a direct result of a single act or series of related, continuous or repeated acts of Employee Dishonesty;

Direct Financial Loss. Means loss of Money, Securities or Property belonging to the Company or loss of Money, Securities or Property in the care, custody or control of the Company, for which the Company is legally liable.

Direct Financial Loss means “Your” monetary or other financial asset loss as a result of a “Funds Transfer Fraud” under Coverage I.2. The most “We” will pay for any “Direct Financial Loss” arising from all “Funds Transfer Fraud” is $100,000.