Common use of Commercial or Government Crime Coverage (Fidelity Bond) Clause in Contracts

Commercial or Government Crime Coverage (Fidelity Bond). 4.6.3.1 Contractor shall maintain a commercial crime policy. If Contractor is a public entity, Contractor shall maintain a government crime policy. The commercial crime policy or government crime policy (hereinafter “fidelity bond”) shall include the following coverages or their substantial equivalents: Employee Dishonesty/Theft, Forgery or Alteration, and Computer Fraud. 4.6.3.2 Contractor’s fidelity bond coverage limits shall not be less than a minimum amount of 4 percent of the total amount of consideration set forth under this Agreement. 4.6.3.3 Contractor shall submit an applicable Certificate of Insurance (XXXXX 25) to CSD as evidence of compliance with the fidelity bond requirement prior to issuance of an initial cash advance.

Commercial or Government Crime Coverage (Fidelity Bond). 4.6.3.1 Contractor shall maintain a commercial crime policy. If Contractor is a public entity, Contractor shall maintain a government crime policy. The commercial crime policy or government crime policy (hereinafter “fidelity bond”) shall include the following coverages or their substantial equivalents: Employee Dishonesty/Theft, Forgery or Alteration, and Computer Fraud. 4.6.3.2 Contractor’s fidelity bond coverage limits shall not be less than a minimum amount of 4 percent 4% of the total amount of consideration set forth under this Agreement. 4.6.3.3 Contractor shall submit an applicable Certificate of Insurance (XXXXX 25) to CSD as evidence of compliance with the fidelity bond requirement prior to issuance of an initial cash advance.

Commercial or Government Crime Coverage (Fidelity Bond). 4.6.3.1 Contractor shall maintain a commercial crime policy. If Contractor is a public entity, Contractor shall maintain a government crime policy. The commercial crime policy or government crime policy (hereinafter “fidelity bond”) shall include the following coverages or their substantial equivalents: Employee Dishonesty/Theft, Forgery or Alteration, and Computer Fraud. 4.6.3.2 Contractor’s fidelity bond coverage limits shall not be less than a minimum amount of 4 percent of the total amount of consideration set forth under this Agreement. 4.6.3.3 Contractor shall submit an applicable Certificate of Insurance (XXXXX 25) to CSD as evidence of compliance with the fidelity bond requirement prior to issuance of an initial cash advance.XXXXX