This is an all risk policy covering money or near money instruments. There are several sections to this policy as follows:
i. Money in transit to and from the bank
ii. Money in the premises during business hours
iii. Money in the premises out of business hours in locked strong room or safe
i. Money in transit to and from the bank
ii. Money in the premises during business hours
iii. Money in the premises out of business hours in locked strong room or safe
iv. Money in the hands of senior authorized employees
v. Damage to safes
v. Damage to safes
vi. Revenue stamps
The policy can be extended to cover the following: -
a) Riot and strikes
b) Hold up
We do this automatically for all our clients’ policies.
It is important to have good record of the money movement. Documentation should be clear and understandable. For example the sales receipts for the period, banking documents etc, must be properly filed and be available to substantiate claims when they occur.
The policy can be extended to cover the following: -
a) Riot and strikes
b) Hold up
We do this automatically for all our clients’ policies.
It is important to have good record of the money movement. Documentation should be clear and understandable. For example the sales receipts for the period, banking documents etc, must be properly filed and be available to substantiate claims when they occur.
