- Obtaining currency, coin, bank notes, travelers cheques, money order, draft or any similar written promise.
- The purchase or lease of goods or services.
Lost or Stolen Plastic Card Coverage
This insurance clause covers the loss resulting only from the use of lost or stolen plastic card by any unauthorized person in; |
- Obtaining currency, coin, bank notes, travelers cheques, money order, draft or any similar written promise.
- The purchase or lease of goods or services.
Employee Dishonest Coverage
All the losses solely and directly caused by one or more dishonest fraudulent acts of the employee, acting alone or in collision with others in respect of plastic card operation only.
Exclusion:
Insurer is not liable to pay the loss of employee’s salary, fees, commissions and other emoluments, including salary increases and promotions.
Merchant Fraud Coverage
Loss which the insured shall sustain through forgery or alteration of, on or in any written instrument required in conjunction with any plastic card with in the geographical limit.
Court Cost and Legal Expenses Coverage
Reasonable legal fees, court costs and legal expenses incurred and paid by the insured in defending any suit or legal proceeding brought against the insured to enforce the liability of the insured which is finally established against the insured. |