Australian Football – National Risk Protection Programme

Club Management Liability (for incorporated bodies only): Employee Theft

What does this section cover?

This section covers the clubs, affiliations and associations for losses suffered as a result of theft or forgery by any identifiable employee (including volunteers) whilst in the regular service of the club, affiliation or association.

What are the cover limits?

Cover	Limits of Cover and Deductibles
Employee Theft (A)	$25,000 any one coverage event and $100,000 in the aggregate any one period of insurance $2,500 Deductible (costs inclusive)
Investigative Costs (B)	$10,000 Nil Deductible

Where are you covered?

This section protects against liabilities in Australia and New Zealand only.

Important Information

It is a condition of this coverage that the Insured give written notice of any discovery at the earliest practicable moment and no later than ninety (90) days after such discovery, and provide proof of loss within four (4) months of such discovery.

What are some of the major exclusions of the Employee Theft section of the policy?

The following exclusions could affect you:

1. Losses sustained prior to Original Inception date of policy (1^st January 2005).
2. Losses discovered and notified to insurer more than 60 days following termination of the cover.
3. Indirect or consequential losses of any kind;
4. Known dishonesty;
5. Losses sustained more than 60 days following the termination of the employee;
6. Losses sustained from accounts at financial institutions for which the Insured only requires one signatory/authorisation for transactions;
7. Employee Expenses – salaries or expenses incurred by an employee of the Insured to establish the existence of a loss.