Money carries the risk of theft from anyone who knows where it is kept or handles it. The greatest risk occurs when money is in transit, as the exposure grows exponentially.

Cannon General Insurance offers Money Insurance Cover to protect your organization against the risk of physical loss or damage to money while it is in transit to and from the premises and while it is on the premises during and after working hours.

Scope of Coverage

This policy is tailored according to the insured’s estimates of annual cash transfers and cover limits. The money insured includes current coins, bank and currency notes, cheques, postal orders and current postage stamps. Coverage is available under the following circumstances

Wages, Salaries and Petty Cash

Money drawn for payment of wages, salaries and other earnings or for petty cash, in direct transit from the bank to the insured premises.

General Transit

Money in the personal custody of the insured or authorized employees while in direct transit between the premises and the bank or Post Office.

Collections

Money collected by the insured or authorized employees while in transit to the premises or bank, within a period not exceeding 48 hours from the time of collection.

Safes

Money in safes and damage to safes in the event of theft or attempted theft.

Cover Benefits

Hold-Ups

Protection against money loss during hold-ups
Riots and Strikes

Coverage for money lost during riots and strikes

Assault Cover

Additional coverage can be arranged for assaults at a nominal additional premium

With our Money Insurance, your organization can confidently handle money knowing that it is protected against a wide range of risks.

Money Insurance

Scope of Coverage

Wages, Salaries and Petty Cash

General Transit

Collections

Safes

Cover Benefits

Hold-Ups

Riots and Strikes

Assault Cover

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