This policy covers for loss of money whilst in the transit and whilst kept in locked drawers, safe or strong rooms or due to any hold-up whilst on the business premises. Money will comprise cash, bank notes, currency notes, cheques, postal orders or money orders.
COVERAGE
- The cost of repair or replacement of the safe or strong room, as a result of theft or attempted theft, if these items are not specifically insured
- Compensation in the form of a personal accident benefit to employees who may be injured during a robbery whilst accompanying or carrying money
EXTENSIONS
- Personal accident to the messenger or custodians
- Armed robbery and hold-up at the insured’s premises
- Riot and strike
- Messenger absorbing with money
- Damage to safe and/or locked drawers
EXCLUSIONS
- Losses arising from fraud or dishonesty of insured’s employees
- Shortage due to errors and omissions
- Losses from an unattended vehicle
