Common use of Employee Dishonesty Coverage Clause in Contracts

Employee Dishonesty Coverage. Loss of “Money”, “Securities” and other property which the Insured shall sustain, to an amount not exceeding in the aggregate the amount stated in the Limits of Liability applicable to this Insuring Agreement I, resulting directly from one or more “Fraudulent or Dishonest Acts” committed by an “Employee”, acting alone or in collusion with others.

Employee Dishonesty Coverage. Loss “Loss” of “Moneymoney”, “Securitiessecurities” and other property which the Insured shall sustain, to an amount not exceeding in the aggregate the amount stated in the Limits of Liability applicable to this Insuring Agreement I, resulting directly from one or more “Fraudulent fraudulent or Dishonest Actsdishonest acts” committed by an “Employeeemployee”, acting alone or in collusion with others., the amount of insurance on each of the “employees” being the amount stated in the Cover Note applicable to the Insuring Agreement. It is agreed that “employee” as defined is amended to include the following: