MONEY INSURANCE
What is Money Insurance?
Most business transactions are being done electronically in these modern days; smaller businesses still prefer cash on a day-to-day basis.
If your company deals with cash, then you need Money Insurance coverage. Money Insurance policy covers the accidental loss of your money within your property as well as during transit.
What is covered?
Money Insurance covers:
- Checks
- Bank drafts
- Money orders
- Stored value cards
- Securities
- Redeemable
- Vouchers
What should you know?
The Insurance will not cover for losses arising out of the following:
- Loss of money arising on account of shortage due to error or omission.
- Loss of money entrusted to any person other than the Insured or an authorised employee of the Insured.
- Loss of money where the Insured or his employee is involved in illegal acts.
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