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INSURANCE
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loss in damage to the building or surrounding property as a result of the mishap. The policy likewise includes defense against legal action brought against the owner, as a result of accidents. Many boiler policies cover personal injuries to a limited extent.
ENGINE BREAKING
Engine Breaking Insurance is protection against loss due to the breaking down of an engine and covers damage to property because of accidents caused by the engine, such as when a fly wheel, or other part, breaks and causes damage. This policy is intended to cover machines, such as steam engines, air and ammonia compressors, pumps, and practically every device which provides motion by aid of a cylinder — excluding, however, driven machines, gears, pipes, couplings, etc.
ELECTRICAL MACHINERY
Electrical Machinery Insurance is intended to cover machines operated by electricity and includes motors, generators, etc. It may also be extended to include switchboards, control devices, and similar units. The standard fire insurance policy does not cover fires of a purely electrical nature, short circuits, etc.
The outstanding advantage of boiler, engine breaking, and electrical machinery insurance is the splendid and constant system of inspection provided by the insurance companies. As may be expected, such inspections prevent serious accidents and result in a better upkeep of this type of property.
FIDELITY BONDS
Fidelity Bonds are of importance to the theater employing a large staff. All employees who are entrusted with funds should be covered by bond, because it is good business practice.
The "position" form of insurance is desirable in this connection, since it covers the position and is not limited to the individual employed. Thus it covers any employee who fills the specified position dealt with in the policy immediately upon