Examples of Direct Financial Loss in a sentence
Any further Direct Financial Loss caused by the same Employee after the date of Discovery will not be covered by this policy.Insured’s Consent The Insurer may make any settlement of any Claim it deems expedientwith respect to any Insured, subject to such Insured’s written consent.
No school is required to take part in any tournament, but when once entered under the plan outlined, schools shall carry out their part of the program in fairness to all other schools represented.
The Insurer’s consent shall not be unreasonably withheld, provided that the Insurer shall be entitled to exercise all of its rights under the policy.Loss Mitigation As soon as the Insured Discovers a Direct Financial Loss involving anidentified Employee, the Insured must immediately take all necessary steps to prevent any additional Direct Financial Loss being caused by the same identified Employee.
Direct Financial Loss does not mean regular or overtime wages, salaries or other remuneration benefits earned in the normal course of employment.
Direct Financial Loss shall mean the loss of moneys and or stock at prime cost belonging to You proved to have been criminally misappropriated and disposed of by the Employed excluding any consequential loss of any kind.2. Dishonesty refers to breach of faith on the part of the employee resulting in pecuniary loss to the employer which results from such breach of faith on the part of the employee.