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The limit of insurance shown in the declarations for employee theft applies to each loss, regardless of how many employees were involved in causing the loss, and regardless of whether the employees causing the loss can be identified.25 The 2006 forms, unlike the prior forms, include forgery in the definition of theft for this insuring agreement. Coverage applies for loss of money, securities, and other tangible property by employee theft. An employee is defined as an individual in the insured’s service who the insured has the right to direct and control while he or she is performing services for the insured, who is compensated directly by the insured with salaries, wages, or commissions. Such individ- uals are considered employees for 30 days after their service terminates. The definition of “employee” canalsobeamendedtoincludecertainnonemploy- ees such as partners, limited liability company man- agers, directors andtrustees, agents, leased workers,and data processing service providers.
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