If within the period of insurance specified in the Schedule or before 4 0'clock in the afternoon of the last day of any subsequent period in respect of which premium shall have been accepted by the Company, any of the Employees shall, whilst acting in the capacity named in the said Schedule, commit any act or acts of FORGERY, OR EMBEZZLEMENT, LARCENY AND/ OR FRAUDULENT CONVERSION of the monies or goods of the insured (All such acts are hereinafter called the acts insured against) the Company will make good to the insured any loss which the insured shall thereby directly sustain (Less all salary, commission, monies or assets, the property of the employee, that may be in or come into the hands or under the control of the Insured) up to an amount not exceeding, for all acts Insured against committed during the whole period of the subsistence of this Policy by the defaulting Employee, the sum set opposite to the name of such Employee in said Schedule.“ Forgery” in this policy means the forging or fraudulently altering of any document or the uttering of any forged or fraudulently altered document by the Employee whereby he obtains possession of the monies or goods of the Insured. PROVIDED that such act insured against is discovered not later than six months after the resignation, dismissal, retirement or death of the Employee, nor later than three months after the termination of this policy, whichever be the earlier.

The cost varies with the risk exposure and is calculated at a rate applied to the amount insured. The premises usually need to be surveyed to assess the existing hazards as well as to make necessary recommendations in order to reduce the risk of loss. These messages offer a brief description only. The actual policy wording prevails.