FIDELITY GUARANTEE. 4.1 Property / Risk Insured
FIDELITY GUARANTEE. This cover extension does not apply or operate unless your schedule states that this clause is ‘operative’.
a) We will indemnify you for loss of your money or goods or money or goods for which you are legally responsible caused by any act of theft committed during the period of insurance by an employee normally resident within the United Kingdom and discovered not later than six (6) months after the termination of:
i) this insurance;
ii) the insurance in respect of an employee specified by name or position;
iii) the employment of any employee; whichever occurs first.
b) We will indemnify you for auditors fees incurred with our written consent solely to substantiate the amount of the claim.
c) We will indemnify you for the reasonable cost of re-writing or amending the software programmes or systems where such re-writing or amending is necessary to correct the programmes or amend the security codes following the fraudulent use of computer hardware or software programmes or computer systems the subject of a claim for which liability is admitted under the policy.
d) If this insurance immediately supersedes a fidelity insurance effected by you (the ‘superseded insurance’) we will indemnify you in respect of any loss discovered during the continuation of this insurance but committed during the continuation of the superseded insurance if the loss is not recoverable thereunder solely because the period allowed for discovery has expired provided that:
i) such insurance had been continuously in force from the time of the loss until inception of this insurance;
ii) the loss would have been insured by this insurance had it been in force at the time of the loss;
iii) our liability shall not exceed whichever is the lesser of the:
I) amount recoverable under the insurance in force at the time of the loss II) limit of indemnity under this insurance.
e) Our liability under this extension will not exceed the limit of indemnity specified in the
f) We shall not be liable under this clause for:
i) loss of interest or consequential loss of any kind;
ii) the first £250 in respect of each and every claim (the excess);
iii) further acts of theft by an employee immediately following your discovery of any act of theft by such an employee.
g) It is further agreed that:
i) any money of the employee in your hands upon discovery of any loss and any money which but for the employee's theft would have been due from you to the employee shall be deducted from the amount of the loss before a...
FIDELITY GUARANTEE. 3.5.1 Policy Number: 24029120 CGF Insurers: Aviva Renewal Date: 1st April 2012
3.5.2 This insurance covers fraud or dishonesty on the part of any member of staff of the school or the Council which results in financial loss to the school. The general limit of indemnity is £250,000, but there is a limit of £10,000 in respect of any one teacher.
3.5.3 The cover is subject to a policy excess of £5,000, which in turn is met from the Council’s own Insurance Fund so individual schools are fully covered.
FIDELITY GUARANTEE. If the Customer shall suffer any loss or damage arising due to an act of fraud, dishonesty or embezzlement by employees of the Company at the premises of the Customer. The limit of indemnity provided is £100,000.00 any one employee and
