BEAN SPROUTS, LLC (2) - Laserfiche WebLink

Home Browse Search

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EMPLOYEE DISHONESTY COVERAGE This endorsement modifies insurance provided under the following: STANDARD PROPERTY COVERAGE FORM SPECIAL PROPERTY COVERAGE FORM Except as otherwise stated in this endorsement, the terms and conditions of the policy apply to the insurance stated below. A. COVERAGE 1. The following is added to Paragraph A.5., Additional Coverages, of the Special Property Coverage Form: Employee Dishonesty Coverage (1) We will pay for loss of, and loss from damage to, Covered Property resulting directly from the Covered Causes of Loss. Covered Property, solely as used in this Additional Coverage, means "money", "securities", and other tangible property of intrinsic value and not otherwise excluded. Covered Causes of Loss means dishonest acts committed by an "employee", except you, whether identified or not, acting alone or in collusion with other persons, with the manifest intent to: (a) Cause you to sustain loss; and also (b) Obtain financial benefit (other than salaries, commissions, fees, bonuses, promotions, awards, profit sharing or pensions or other employee benefits earned in the normal course of employment) for: (i) That "employee"; or (ii) Any person or organization intended by the "employee" to receive that benefit. (2) Employee Dishonesty Additional Coverages: (a) We will pay for loss of Covered Property arising out of a Covered Form SS 04 42 03 17 © 2017, The Hartford Cause of Loss caused by any "employee" while temporarily outside the Coverage Territory for a period of not more than 90 days. (b) We will pay for any loss of Covered Property arising out of a Covered Cause of Loss caused by your "employee" while at the premises of your client or customer. Any claim for loss sustained by any client or customer and covered by this policy may only be made by you in your Proof of Loss. No third party has a direct right against this insurance and no third party may make a direct claim against us as the writer of your insurance. (3) Coverage under the Employee Retirement Income Security Act of 1974, as amended ("ERISA") (a) We will pay for loss of, and loss from damage to, Covered Property resulting directly from the Covered Causes of Loss. Covered Property, solely as applicable to ERISA coverage, means the funds or other property of any employee pension benefit plan or employee welfare benefit plan that: (i) Is subject to (and not exempt from) the bond requirement set forth in Section 412 of ERISA, and (ii) You establish and maintain for your employees (a "Plan") and which is not otherwise excluded. applicab cF RAMmWmentDMsian Jy/ \'x REVIEWED & APPROVED BY.- V"° --� Risk Pjanagement Analyst