Money Insurance

This covers loss or damage to money whilst at your premises or in transit. The type of money covered is split between money (cash, vouchers etc) and non-negotiable money (e.g. crossed cheques). The main money limits that require consideration are for money on premises during business hours, in transit and on premises outside of business hours in safe.

There are standard limits for non-negotiable money, and for money on premises out of business hours not in safe and money at the homes of authorised employees. Cover for money in transit has a requirement for the minimum number of person that must accompany the money or for a security company to be used, dependent upon the limit required. The limit provided in a safe depends upon the make and model of the safe, with each safe having its own rating. The cover usually extends to include cost or repairing or replacing to safe in the event of a claim and personal accident benefits covering death or specified serious injuries following an assault.

The premium charged will be dependent upon the limits covered, the annual value of money in transit and claims experience.