Theft Insurance Sample Clauses
The Theft Insurance clause provides coverage for losses resulting from the theft of insured property. It typically outlines the types of property covered, the circumstances under which theft is considered a covered event, and any exclusions or limitations, such as requirements for evidence of forced entry or specific security measures. This clause ensures that the policyholder is financially protected against losses due to theft, addressing the risk of property loss and offering peace of mind in the event of criminal activity.
Theft Insurance.ÌýAn employee who is required to collect or be responsible for money collected for school purposes will be insured against loss resulting from theft of such school money in the amount of up to $500 if such theft occurs on school premises during the time that the employee is on duty. The employee will promptly report such theft to the police through the building principal in order to be eligible later to file a claim for loss. Except in unusual circumstances bargaining unit members will be afforded the opportunity to deposit funds with the building principal or designee during the regularly-scheduled workday.
Theft Insurance.ÌýThe Employer shall provide each maintenance employee who is required to have his own tools with $500.00 per year in order to assist in purchasing theft insurance. The Parties recognize that the Employer take no responsibilities in providing insurance for tools left on site.
Theft Insurance.ÌýThe Co-op shall maintain insurance coverage against the loss of funds through theft, fraud, embezzlement, or mysterious disappearance. Said insurance shall be supplied at the expense of the Co-op and shall be in an amount not less than Fifty Thousand Dollars ($50,000.00) for fraud or embezzlement and Two Thousand Dollars ($2,000.00) for theft or mysterious disappearance. Evidence of the existence of this insurance shall be provided to the University’s Risk Management and Insurance Office.
Theft InsuranceÌý