Liberty Commercial Premises insurance (Castellano)
B.4. Employee dishonesty
This cover guarantees any theft, fraud, misappropriation, falsification or undue procurement of cash, cheques, cards, securities or goods committed by employees that work for the insured in the exercise of the duties assigned to them, the identification of which will be set forth in the schedule of the insurance policy.
The employee or employees that commit the punitive act must be registered for compulsory occupational accident insurance for this cover to take effect.
To be entitled to indemnity for this cover, the insured must report the event to the competent authority and enter into legal proceedings and the competent authority must have declared the alleged guilty or convicted by means of a firm ruling in the legal proceedings or trial.
This cover is guaranteed on a first loss basis up to the insured sum set forth in the schedule.
A deductible of 10% per loss shall be applied to the amount of the indemnity with a minimum of euros 120.
THE FOLLOWING IS NOT COVERED:
a. Any acts of theft or embezzlement due to the gross negligence or serious fault of the insured or the representatives thereof.
b. The actions of employees following instructions given by the insured
c. Any acts of dishonesty of which the insured is unaware, after a period of six months from the date on which the office was committed.
d. Any acts of dishonesty that do not lead to the dismissal of the employee or employees that committed the offence.
4. Risks excluded from all guarantees