Money Insurance

Keeping risks and losses to a minimum is a keystone for business success. In business, handling money, be it in transit or in cash counters or in safes is generally a great concern for everyone. Unfortunate incidents like burglary or theft of your hard-earned money may leave you feeling helpless.

Money Insurance covers money belonging to your business that is lost, stolen or damaged whilst being carried by the Insured or the authorized employees / messengers while in transit between two designated places. Money that has not been disbursed and has been retained in a safe, drawer or counter is also covered.

“Money” means and includes cash, notes, cheques, warrants, money orders, postal orders (crossed or open) bills of exchange, securities for money, credit cards sales vouchers, credit coupons and other negotiable financial instruments, current postage stamps and insurance stamps

The policy also pays for the cost of replacement or repair of your safe or strong room at your premises in the event of it being damaged by thieves or burglars. The main exclusion is fraud or dishonesty from employees for which a ‘Fidelity Guarantee Insurance’ product is offered.

We work hard to deliver outstanding service, quality products and customized solutions. Contact us today for free quotes, from a panel of insurance providers, and to find out more about how to buy the right Money Insurance.

Frequently Asked Questions (FAQs)

Quickly find out if we’ve already addressed your query.

Your business insurance needs will depend on several factors and understanding it all can be complex and time consuming. One thing you can’t afford is to put your business at risk by choosing the wrong type of insurance. A professional Insurance Broker like Edge has the knowledge and expertise to identify what the most appropriate cover is for your needs and will take the time to explore and explain your options to you.

Not only do we ease the stress and deliver peace of mind, but we find you the most appropriate cover at the right price. We provide guidance when you need it and we accurately present your risk, understand your needs, as well as study the market, the covers available, the differences between the insurance providers, and what the implications of those differences are for you. We also deal with your claims on your behalf.

The premium that you have to pay may vary depending on underwriting requirements, risk exposure, limit of liability and estimated annual carryings.

• Excluding shortfalls due to errors and omissions.
• Excluding mysterious disappearance
• IT Clarification Agreement Clause
• Political Risk Exclusion clause
• Excluding Sabotage and Terrorism
• Any loss resulting from a strong room/safe being opened by a key, security card or code which has been left on premises while closed for business
• Excluding any loss due to depreciation in values

What coverage does your business need?

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