Sub Section 5C Employment Practices Liability

Sub Section Insuring Clause (what is insured)

Loss of or damage to any Money or property of the Insured or for which they are responsible resulting from any dishonest or fraudulent act or omission on the part of any principal Employee or agent of the Insured occurring during the Period of Insurance in connection with a School Related Activity

Provided that

	(a) on discovery of any dishonest or fraudulent act or omission (whether it is intended to make a claim or not) the Insured shall immediately give written notice to the Company of the extent of the loss as then known together with the name and last known address of the responsible party
	(b) the Insured shall take all measures to prevent further loss and all reasonable steps to recover the amount of any such loss and the liability of the Company shall be limited to the excess of the amount so recovered
	(c) any monies or assets held by the Insured which but for the dishonest or fraudulent act or omission would have been due from the Insured shall be deducted from any amount payable hereunder Any subsequent recovery shall be shared in the proportion that the amount of the loss borne by the Company and the Insured bears to the amount of the loss
	(d) the total aggregate liability of the Company in respect of loss arising out of all claims during the Period of Insurance shall not exceed the Limit of Indemnity stated below
	(e) the Insured shall ensure that all School books of account are audited professionally at least annually
	(f) immediately following the discovery of any dishonest or fraudulent act or omission cover shall cease for all further dishonest or fraudulent acts or omissions by such person or persons

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Limit of Indemnity - €65,000 any one Period of Insurance