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.
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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
General Transit
Collections
Safes
Cover Benefits
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Hold-Ups
Protection against money loss during hold-ups
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Riots and Strikes
Coverage for money lost during riots and strikes
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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.