Fidelity Coverage Sample Clauses
The Fidelity Coverage clause requires a party, typically an employee or contractor, to maintain insurance that protects against losses caused by dishonest or fraudulent acts, such as theft or embezzlement, committed by individuals covered under the policy. This coverage often applies to those handling money, securities, or other valuable assets, and may specify minimum coverage amounts or particular types of fidelity bonds. Its core function is to allocate risk and provide financial protection to the employer or contracting party in the event of internal fraud or dishonesty, thereby safeguarding company assets.
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Fidelity Coverage. (Reserved)
Fidelity Coverage. Adequate fidelity coverage to protect against dishonest acts of the officers and employees of the Association and the Board and all others who handle and are responsible for handling funds of the Association shall be maintained in the form of fidelity bonds, which requirements shall be reasonably determined by the Board.
Fidelity Coverage. Consultant shall provide evidence of fidelity coverage on a blanket fidelity bond or other acceptable form. Limits shall be no less than $1,000,000 per occurrence.
Fidelity Coverage. The cost to the Association of purchasing adequate fidelity insurance or bonds to protect against dishonest acts on the part of officers, directors, trustees, agents and employees of the Association and all other persons who handle or are responsible for handling monies of the Association (to the extent the Association elects to maintain such coverage).
Fidelity Coverage. In addition to the insurance coverage required ----------------- under Paragraph 6, the Manager agrees to obtain and maintain a fidelity bond or employee dishonesty insurance coverage covering all employees of Manager performing any cash collection, handling or management functions or other similar duties in connection with this Agreement, with such coverage to be in an amount of not less than $2,000,000.00 and from insurance companies approved by Owner. Manager agrees to provide to Owner upon request, such certificates or other evidence of existence of such policies during the term of this Agreement.
Fidelity Coverage. Agent shall, at Agent's expense, secure such fidelity bonds in a reasonable amount to be set by Owner, but under no circumstances to be less than one month’s revenue. Said bonds may be a blanket bond covering all such personnel and other employees of Agent.
Fidelity Coverage. Comprehensive Dishonesty, Disappearance and Destruction (3-d) Coverage, insuring employee dishonesty and depositors forgery; and
Fidelity Coverage. The fidelity bond insurance coverage covering all employees of YSI who are signatories on the Operating Accounts or who are handling Rising Tide’s assets and funds shall be terminated effective 60 days after the Effective Date of this Agreement.
Fidelity Coverage. The Manager shall provide blanket fidelity insurance coverage in an amount of at least $100,000, and otherwise in form and substance satisfactory to the Authority, covering all personnel with access to cash or with the ability or authority to make expenditures on behalf of the Authority.
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