Money INSURANCE
What is Money Insurance?
Money insurance is a type of coverage designed to protect your business's cash, whether it's stored on your premises or in transit.
This insurance helps cover accidental loss of money due to theft, fire, or other unexpected events.
If your business handles cash regularly, having money insurance can provide peace of mind and financial security, ensuring you are protected against potential losses.
What Does Money Insurance Cover?
Money insurance provides coverage for various financial instruments and items that are susceptible to loss or theft. This includes:
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Checks: Protection against losses from stolen or lost checks.
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Bank Drafts: Coverage for forgery or loss involving bank drafts.
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Money Orders: Safeguarding money orders against theft or fraudulent activity.
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Stored Value Cards: Insurance on balances of stored value or prepaid cards.
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Securities: Protection for lost or stolen securities, including bonds and stocks.
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Redeemable Vouchers: Coverage for redeemable vouchers against loss or theft.
Money Insurance Tips
The Insurance will not cover losses arising out of the following:
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Loss of money arising on account of a shortage due to an error or omission.
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Loss of money entrusted to any person other than the Insured or an authorised employee of the Insured.
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Loss of money where the Insured or his employee is involved in illegal acts.