Many business people trade money every day knowing that they are at risk of losing it. This Insurance offers a complete insurance plan for your money (cash, foreign exchange, crossed cheques, stamps).
Basic Coverage
The basic cover of the Insurance Policy includes:
- Loss of money from a safe in the insured’s premises.
- Loss of money from the insured’s premises not in the safe.
- Loss of money in transit.
- Loss or damage to a safe as a direct and exclusive result of robbery or attempted robbery.
Exceptions:
The Policy is subject to exclusions, some of which are:
- War risks.
- Terrorist acts.
- Nuclear radiation, environmental pollution.
- Theft by employees of the insured or during a riot.
- Loss from unattended vehicles.
- Loss due to shortage.
- Theft from a locked safe whose key was in the insured’s premises during the theft.