Mechanics Tool Insurance the Company will provide twenty-five thousand dollars ($25,000.00) non-deductible insurance on each mechanic's tools and will pay each mechanic a four hundred and ninety-five dollars ($495.00) tool allowance each year of the agreement. Letter to Chairperson one hundred dollars ($100.00) voucher for special tool requirements each year (not to form part of agreement)
Mechanics Tool Insurance. For those employees in the Transportation Depart- ment who are required to have personal tools to perform their jobs, the Board will indemnify such em- ployees against loss from fire or theft of their personal tools on the following basis:
1. A deductible of $250.00 will apply to each claimed loss.
2. An inventory of personal tools and cabinets con- taining them must be presented on an annual basis to the shop manager. Any tools having a value of $50.00 or more purchased after the inventory is filed must be added to the inventory to be insured. Evidence of value must be shown if requested.
3. Tools must be kept in locked cabinets when not actually in use.
4. For theft coverage to be effective, evidence of forced entry must be shown when a theft loss is claimed.
5. This is not replacement value insurance. Actual value of stolen tools or those lost due to fire will be considered in reimbursing the employee whose tools are involved. This coverage will be at the sole expense of the Board of Education. The Board reserves the right to self insure this risk.
Mechanics Tool Insurance. The Company agrees to provide a maximum of five thousand dollars ($5,000.00) tool insurance per Mechanic to cover loss of tools due to:
(a) Fire on Company premises.
(b) Theft resulting from break-in to the Company premises and/or the Mechanic's tool box. To be eligible, the Mechanic must supply the Company with an inventory of his tools and their cost, on or before January 1, in each year. New employees must supply an inventory within thirty (30) days of commencement of employment and each January 1, thereafter.
Mechanics Tool Insurance. The Town will provide insurance which shall cover employees' tools that are on the Town's property and are regularly used in the course of employees' employment to protect against catastrophic losses such as theft or fire.
