Money, securities and property
other than money and securities.
Covered Cause of Loss
Employee Dishonesty
Failure of any employee to faithfully perform duties when
such failure causes a loss of the Member's covered property
Limits
Deductible
Employees Excluded
$100,000
$1,000 or $5,000
Bonded Employees -- any employee required by law to be individually
bonded
Treasurer or Tax Collector
Forgery
Covered Instruments
Checks, drafts, promissory
notes or similar written promises, orders or directions to
pay a sum of money that are:
Made or drawn upon the Member
Made or drawn by one acting as the Member's
agent
Covered Cause of Loss
Forgery or alteration of, on
or in any covered instrument
Covered Extension
Legal Expenses if the Member is sued for refusing to pay any covered instrument
on the basis that it has been forged or altered.
Limits
$20,000
Deductible
$1,000 or $5,000
Exclusions
Acts of employees,
directors, officers or trustees of Member
Theft, Disappearance
and Destruction
Covered Property
Money and securities inside the
premises or a banking premises
Money and securities outside the premises in the care of a
messenger
Covered Cause of Loss
Theft
Disappearance
Destruction
Coverage Extension
Damage to locked container
such as safe or cash drawer
Loss while in care and custody of armored motor vehicle
Exclusions
Accounting errors
Acts of employees, directors, officers or trustees of Member
Fire
Limit
$20,000
Deductible
$1,000 or $5,000
Robbery and
Safe Burglary
Covered Property
Robbery of a Custodian: Property
other than money and securities inside the premises in the
care of a custodian
Safe Burglary: Property other than money and securities inside
the premises in a safe or vault
Covered Cause of Loss
Actual or attempted robbery
or safe burglary
Coverage Extensions
Damage to premises or exterior
Damage to locked safe or vault located inside the premises
Limit
$20,000
Deductible
$1,000 or $5,000
Exclusions
Acts of employees, directors, officers or trustees of Member
Fire
Vandalism
Money Orders and Counterfeit Paper Currency
Covered Property
Money orders including counterfeit money orders, of any United Statesor Canadian post office, express company or national or state (or Canadian) charted bank
Counterfeit United States or Canadian paper currency
Covered Cause of Loss
Acceptance in good faith, in exchange for merchandise, money or services, of:
- Any money order that is not paid upon presentation; and
- Counterfeit United States or Canadian paper currency that is acquired during the regular course of business
Limit
$20,000
Deductible
$1,000 or $5,000
Additional Exclusions
Loss resulting from any dishonest or criminal act committed by any "employees", directors, trustees or authorized representatives;
- Acting alone or in collusion with other persons; or
- While performing services for Member or otherwise.
Loss resulting from the giving or surrendering of property in any exchange or purchase.
Loss resulting from Member, or anyone acting on Member's express or implied authority, being induced by any dishonest act to voluntarily part with title to, or possession of, any property.
Additional Condition
Duties in the event of loss: If Member has any reason to believe that any loss of, or loss from damage to, Covered Property involves a violation of law, Member must notify the police.
Additional Definition
"Occurrence" means an:
- Act or series of related acts involving one or more persons
- Act or event, or series of related acts or events not involving any person.
This form is intended to provide highlights of coverage and is
not a coverage document. Please refer to the coverage document
for complete details of coverage including definitions, exclusions
and other terms and conditions. For additional information, please contact TAC Underwriting Department at 800-459-5974 or TACpools@county.org.
