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FIREPE, INC. (2)
City of Pleasanton
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FIREPE, INC. (2)
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Last modified
10/31/2025 10:02:05 AM
Creation date
10/31/2025 9:54:44 AM
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CONTRACTS
Description Type
Other
Contract Type
New
NAME
FIREPE, INC.
Contract Record Series
704-05
Contract Expiration
6/30/2027
NOTES
THROUGH LIVERMORE FINANCE. CONTRAT WILL BE IHPUT BY LIVERMORE ONCE EXECUTED.
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PPB 101 01 22 Contains copyrighted material of Insurance Services Office, Inc. Page 29 of 49 <br />(1) Resulting from any dishonest or criminal <br />act that you or any of your partners or <br />"members" commit whether acting alone <br />or in collusion with other persons. <br />(2) Resulting from any dishonest act com- <br />mitted by any of your employees (except <br />as provided in Paragraph a.), "managers" <br />or directors: <br />(a) Whether acting alone or in collusion <br />with other persons; or <br />(b) While performing services for you or <br />otherwise. <br />(3) The only proof of which as to its existence <br />or amount is: <br />(a) An inventory computation; or <br />(b) A profit and loss computation. <br />c. The most we will pay for loss or damage in any <br />one occurrence is the Limit of Insurance for <br />Employee Dishonesty shown in the <br />Declarations. <br />d. All loss or damage: <br />(1) Caused by one or more persons; or <br />(2) Involving a single act or series of acts; <br />is considered one occurrence. <br />e. If any loss is covered: <br />(1) Partly by this insurance; and <br />(2) Partly by any prior cancelled or terminated <br />insurance that we or any affiliate had <br />issued to you or any predecessor in <br />interest; <br />the most we will pay is the larger of the amount <br />recoverable under this insurance or the prior <br />insurance. <br />We will pay only for loss or damage you <br />sustain through acts committed or events <br />occurring during the policy period. Regardless <br />of the number of years this policy remains in <br />force or the number of premiums paid, no Limit <br />of Insurance cumulates from year to year or <br />period to period. <br />f. This Optional Coverage is cancelled as to any <br />employee immediately upon discovery by: <br />(1) You; or <br />(2) Any of your partners, "members", "man- <br />agers", officers or directors not in collusion <br />with the employee; <br />of any dishonest act committed by that em- <br />ployee before or after being hired by you. <br />g. We will pay only for covered loss or damage <br />sustained during the policy period and dis- <br />covered no later than one year from the end of <br />the policy period. <br />h. If you (or any predecessor in interest) sus- <br />tained loss or damage during the policy period <br />of any prior insurance that you could have <br />recovered under that insurance except that the <br />time within which to discover loss or damage <br />had expired, we will pay for it under this <br />Optional Coverage, provided: <br />(1) This Optional Coverage became effective <br />at the time of cancellation or termination of <br />the prior insurance; and <br />(2) The loss or damage would have been <br />covered by this Optional Coverage had it <br />been in effect when the acts or events <br />causing the loss or damage were com- <br />mitted or occurred. <br />i. The insurance under Paragraph h. above is <br />part of, not in addition to, the Limit of Insurance <br />applying to this Optional Coverage and is <br />limited to the lesser of the amount recoverable <br />under: <br />(1) This Optional Coverage as of its effective <br />date; or <br />(2) The prior insurance had it remained in <br />effect. <br />j. With respect to the Employee Dishonesty <br />Optional Coverage in Paragraph G.3., em- <br />ployee means: <br />(1) Any natural person: <br />(a) While in your service or for thirty (30) <br />days after termination of service; <br />(b) Who you compensate directly by <br />salary, wages or commissions; and <br />(c) Who you have the right to direct and <br />control while performing services for <br />you; <br />(2) Any natural person who is furnished <br />temporarily to you: <br />(a) To substitute for a permanent em- <br />ployee as defined in Paragraph (1) <br />above, who is on leave; or <br />(b) To meet seasonal or short-term <br />workload conditions; <br />(3) Any natural person who is leased to you <br />under a written agreement between you <br />and a labor leasing firm, to perform duties <br />related to the conduct of your business, <br />but does not mean a temporary employee <br />as defined in Paragraph (2) above; <br />Exhibit B <br />Docusign Envelope ID: 7D12103B-E5DC-46A2-B6BA-3BD5268ECDA5
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