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Money insurance is designed to cover your Company against loss of money in respect of the following types of insurance:
1. Cash In Safe:
Covers loss of money in premises while such money is found in a locked safe or strong room within the Insured premises.
2. Cash In Transit:
Covers loss of money in transit while the transport of funds is in the custody of the Insured or his authorized representative caused by robbery, theft or hold-up.
3. Fidelity Guarantee:
Provides cover for theft, embezzlement or forgery of money belonging to the Insured, committed by the Insured’s employees during their duties.
However, the cover could be extended to include other than money causing financial losses.