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Where more than one limit of indemnity appears in the schedule our monetary limit will be the higher
limit of indemnity relevant to the Persons Insured involved in the loss or losses.
2. Reduction of Claim
Any money or the value of any property in your hands and belonging to or otherwise due to any
Person Insured whose fraud or dishonesty has given rise to a loss for which a claim is made under this
part and which may legally be retained by you will be deducted from any amount that would
otherwise be payable to you.
Section 5 – Optional Extension
Applicable only where stated in the schedule.
A Auditors Fees
We will indemnify you in respect of costs and expenses incurred by you in investigating and proving
any act of fraud or dishonesty which results in a claim under this part provided always that our liability
under this extension will not exceed 10% of the amount otherwise payable in respect of such claim.
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