Direct Financial Loss definition

Direct Financial Loss means the loss of moneys and / or stock at prime cost belonging to the Insured proved to have been criminally misappropriated and disposed of by the Employed excluding any consequential loss of any kind.

Direct Financial Loss means the Theft of Property belonging to an Insured Organisation or to a Client which is in the care, custody and control of the Insured Organisation.Direct Financial Loss does not include:

Direct Financial Loss means financial loss sustained by the Named Insured caused by the loss of:

Examples of Direct Financial Loss in a sentence

• Under Insuring Clause 1.2 (d) Crime and subject to Clause 10.6 Notification of Direct Financial Loss we will pay the reasonable and necessary fees, costs and expenses of a fraud investigator nominated by the company and approved in writing by us to establish the amount of any direct financial loss notified to us and covered by the policy, in excess of the deductible applicable for Insuring Clause1.2 (d) Crime.

• Discovers or Discovery means a Director or Officer became aware for the first time of an occurrence which has given rise, or which at the time could reasonably have been expected to give rise, to a Direct Financial Loss covered under this Policy, whether the exact amount or circumstances of such Direct Financial Loss were known at the time of becoming so aware.

• Under Insuring Clause 1.2 (d) Crime and subject to Clause 10.6 Notification of Direct Financial Loss we will pay the reasonable and necessary fees, costs and expenses of a fraud investigator nominated by the company and approved in writing by us to establish the amount of any direct financial loss notified to us and covered by the policy, in excess of the deductible applicable for Insuring Clause 1.2 (d) Crime.

• 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.

• We will indemnify You for Direct Financial Loss discovered and notified to Us during the Period of Cover resulting from any dishonest, fraudulent or malicious act of any Employee or officer, whether committed alone or in collusion with others.

More Definitions of Direct Financial Loss

Direct Financial Loss means "Your” monetary or other financial asset loss as a result of a “Funds Transfer Fraud” under Coverage I. The most “We” will pay for any “Direct Financial Loss” arising from

Direct Financial Loss means direct financial loss caused by the loss of Money or Securitiesowned by the Policyholder or any Subsidiary.

Direct Financial Loss means only toll charges that the Insured is liable for because of unauthorized access and use of their “Telephone Systems”.

Direct Financial Loss means pecuniary loss sustained by the Company. Direct Financial Loss shall not include:

Direct Financial Loss means loss of any property,money or securities sustained by the Company as a direct result of a single act or series of related, continuous or repeated acts of Employee Dishonesty;

Direct Financial Loss. Means loss of Money, Securities or Property belonging to the Company or loss of Money, Securities or Property in the care, custody or control of the Company, for which the Company is legally liable.

Direct Financial Loss means “Your” monetary or other financial asset loss as a result of a “Funds Transfer Fraud” under Coverage I.2. The most “We” will pay for any “Direct Financial Loss” arising from all “Funds Transfer Fraud” is $100,000.