Purpose: To define the organization’s policy and procedures regarding reimbursement for damage to or loss of employee’s other personal property while employees are on FINITE TECHNOLOGIES, INC. premises or traveling on FINITE TECHNOLOGIES, INC. business.

Scope: Applies to all employees of FINITE TECHNOLOGIES, INC.

Worldwide Policy Statement: FINITE TECHNOLOGIES, INC. is not responsible for any loss or damage that occurs to employees’ personal property which is brought onto FINITE TECHNOLOGIES, INC.’s premises. Employees should take necessary precautions to protect their personal effects from theft, loss, or damage while on FINITE TECHNOLOGIES, INC. premises or traveling on FINITE TECHNOLOGIES, INC. business.

Procedure Statement: Limited reimbursement is provided for certain situations as stated below.

Damage to Employee Owned Vehicles

Refer to section on Employee-owned vehicles.

Loss of Other Personal Property

FINITE TECHNOLOGIES, INC. provides all essential items required to perform one’s duties. Any personal property which is brought onto FINITE TECHNOLOGIES, INC.’s premises, including briefcases, personal calculators, personal computers, is at the employee’s sole risk.

Exceptions to this policy may be made for personal property brought onto premises with the prior written permission of the employee’s manager.

Theft of cash or clothing from locked desks, rooms, or lockers, where signs of forcible entry are present, may be reimbursed up to U.S. $100 per incident.

Claim Procedure

For procedures on covered claims, refer to the claims procedures section for what to do in the event of a loss. Use the Approved Claims Reporting Form.

Loss while Traveling on FINITE TECHNOLOGIES, INC. Business

FINITE TECHNOLOGIES, INC. will reimburse a net financial loss of personal property or cash after all other avenues of recovery have been exhausted, subject to a limit of U.S. $1,000 per incident. The employee is expected first to exercise all rights of recovery from airlines, hotels, and personal insurance. Loss incurred by an FINITE TECHNOLOGIES, INC. employee's accompanying spouse will not be considered unless circumstances clearly indicate that the spouse’s presence was necessary to the conduct of FINITE TECHNOLOGIES, INC. business.