Description For Our Services
Money is always susceptible to mishaps such as burglary and the like. To protect against this risk, “money insurance cover” may be purchased.Money shall mean cash, notes, cheques, securities, stamps and the like.
- In transit from premises to bank and vice versa.
- In a safe, in office premises.
- Other extensions incidental to money insurance can also be provided. These can be tailor made to the exact requirements of the customer.
- In the care & custody of company’s designated staff.
- Out of the safe during working hours.
- Financial Stability.
In granting the “money insurance cover”, the following factors are taken into consideration:
Estimated annual carrying
Maximum limit for any one carrying
Maximum limit for safe-keeping at any given time.
The premiums are calculated on the estimated annual carryings and amount of money in the safe or on the premises. Furthermore the premiums Are based on the nature of the business, location and the security measures in place. For a thorough understanding of the product, please refer To our standard policy terms and conditions. Exclusions under the policy are:
Theft byown employee.
Money out of safe.(outside business hours)
Loss of money premises following use of key, unless, key is obtained violent behaviour of threats.
Shortage due to errors of omission and commission.
War and like activities.