BEAN SPROUTS, LLC (2) - Laserfiche WebLink

Home Browse Search

you organization's books on the date of discovery of the loss by anyone in your organization not involved in the Employee Dishonesty; and (iii) Any applicable deductible amount. (e) Trading Loss We will not pay for loss resulting directly or indirectly from trading, whether in your name or in a genuine or fictitious account if such loss does not result from dishonesty or fraud. (6) Additional Conditions (a) Termination As To Any "Employee" This insurance is terminated as to any "employee": (i) Immediately upon discovery by you, or any of your partners, officers or directors not in collusion with the "employee", of any dishonest or fraudulent act committed by that "employee" whether before or after becoming employed by you; or (ii) On the date specified in a notice mailed to you. That date will be at least 30 days after the date of mailing. The mailing of notice to you at the last mailing address known to us will be sufficient proof of notice. Delivery of notice is the same as mailing. Form SS 04 42 03 17 (7) Limit of Insurance The most we will pay for each occurrence of loss under this Additional Coverage is the Employee Dishonesty Limit of Insurance stated in the Declarations. (8) Deductible We will not pay for loss in any one occurrence unless the amount of loss exceeds the Deductible shown Paragraph D.5. the Special Property Coverage Form, unless a separate Deductible for Employee Dishonesty applies and is stated in the Declarations. We will then pay the amount of the loss in excess of the Deductible, up to the Limit of Insurance. No deductible applies to the coverage granted in Paragraph A.1.(3) of this endorsement. (9) Occurrence Definition As used in this Additional Coverage, occurrence means all loss caused by, or involving, one or more "employees", whether the result of a single act or series of acts. ew cF RAMwagementDMsian Jy/\'x REVIEWED & APPROVED BY.- V"° --� Risk janagement Analyst