Common use of Property Loss Clause in Contracts

Property Loss. The Board shall assume liability for the value of personal property destroyed, lost, or damaged on their property as a result of an accident, vandalism, or theft under the following circumstances: a. The property was brought to work to be used as an adjunct to employment activities. b. Advanced permission to bring the equipment to work must be obtained in writing from the appropriate administrator. c. A recent appraisal indicating the value of the item along with accurate serial numbers and description must be filed with the administrator in advance. d. Such coverage shall not apply if the negligence of the employee contributed to the loss.

Appears in 10 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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