Crime Insuring agreements
A. INSURING
AGREEMENT 1. - EMPLOYEE THEFT
We
will pay for loss of or damage to “money”, “securities” and “other
property” which results directly
from
“theft” by an “employee”, whether or not
identifiable, while acting alone or in collusion with other
persons.
B. INSURING AGREEMENT 2. - DEPOSITORS
FORGERY OR ALTERATION
1.
We will pay for loss
resulting directly from “forgery” or alteration of checks, drafts,
promissory
orders
or directions to pay a sum certain in “money” that are
a. made
or drawn upon you; or
b. made
or drawn upon one acting as your agent and drawn on your account
or that are purported to have been so made or
drawn.
2.
We will treat mechanically reproduced signatures the same as handwritten
signatures.
3.
If you are sued for refusing to pay any instrument in B.1. above, on the
basis that it has been
forged or
altered and you have our written consent to defend against that suit, we will
pay for
any
reasonable legal expenses that you incur and pay in such defense.
The amount that we will
pay is in
addition to the Limit of Liability applicable to this Insuring Agreement.
If a Deductible
Amount
applies to this Insuring Agreement, we will also apply it to the amount of legal
expenses
incurred in
this Insuring Agreement.
4.
You must include with your proof of loss any instrument involved in that
loss, or, if that is not
possible, an affidavit setting forth the amount and
cause of loss and describing both sides of
said instrument..
5.
This Insuring Agreement covers loss you sustain anywhere in the world;
the Territory General
Condition
does not apply.
E. INSURING AGREEMENT 5. - COMPUTER
AND FUNDS TRANSFER FRAUD
We
will pay for loss of and loss from damage to “money”, “securities” and
“other property” following
and directly
related to the use of any computer to fraudulently cause a transfer of that
property from
inside
the “premises” or “banking premises”
1. to
a person (other than a “messenger”) outside
those “premises”; or
2. to
a place outside those “premises”.
And,
we will pay for loss of “money” or “securities” through “funds
transfer fraud” resulting directly from
“fraudulent
transfer instructions” communicated to a “financial institution” and
instructing such
institution
to pay, deliver, or transfer “money” or “securities” from your
“transfer account”.
ENDORSEMENT CHANGES THE POLICY. PLEASE
READ IT CAREFULLY.
INCLUDE
DESIGNATED AGENTS AS EMPLOYEES
COVERED FOR
“EMPLOYEE THEFT” ONLY
This
endorsement applies to the EMPLOYEE THEFT INSURING AGREEMENT 1. or GOVERNMENTAL
EMPLOYEE THEFT INSURING AGREEMENT 1.A. or
1.B.
A. SCHEDULE
CAPACITY OF
AGENT
LIMIT OF INSURANCE
Property Manager
B.
PROVISIONS
1.
“Employee” also includes each natural person, partnership or
corporation you appoint in writing to act as
your agent
in the capacity shown in the SCHEDULE while acting on your behalf or while in
possession of
covered
property. These natural persons,
partnerships or corporations are not covered for faithful
performance
of duty, even in the event that this Policy may have been amended by endorsement
to provide
such
coverage on “employees” as they are defined in the Policy.
The only covered cause of loss for the
Agents
scheduled above is “employee theft” as defined in the EMPLOYEE THEFT
INSURING
Each such
agent and the partners, officers and employees of that agent are considered to
be, collectively,
one
“employee” for the purposes of this insurance.
However, the CANCELLATION AS TO ANY
EMPLOYEE
General Condition applies individually to each of them.
2.
The most we will pay under this Policy for loss caused by an agent
included as an “employee” by this
endorsement
is the Limit of Insurance shown in the SCHEDULE.
That Limit of Insurance is part of, not in
addition to,
the Limit of Insurance shown in the Declarations as applicable to the EMPLOYEE
THEFT
INSURING
AGREEMENT.