• Tel: +266 22313018 /52500404/5
  • Fax: +266 22310513

Money Insurance

Business Insurance

Cash flow is the life blood of every business, which means the loss of money to theft, dishonesty or physical destruction can seriously threaten your company operations.
This insurance indemnifies you for loss of money:

  1. (i) whilst on your premises during business hours.
  2. (ii) whilst in transit
  3. (iii) from a locked safe or strong room (including damage to the safe or strong room)
  4. (iv) whilst out of the safe or strong room whilst the portion of the premises containing such safe or strong room is unattended (restricted to R1 500).
  5. (x) Loss or damage to the safe or strong room is also covered up to R5 000.

Please note: ‘Average’ does not apply here. You select the sum insured based on the maximum amount at risk at any one time.

Other cover options and conditions:
  1. Seasonal increases in cover can be arranged for busier periods such as Christmas, Easter and Independence and other holidays.
  2. Crossed cheques and money/postal orders are covered up to a limited sum insured, provided you comply with specified policy procedures.
  3. For the full insured amount to apply certain categories of safe and conditions relating to money in transit must be adhered to.

Loss of money arising from the dishonesty of any principal, or of persons in the employ of the insured, must be discovered within 14 working days to validate a claim, and is subject to a separate excess (first amount payable by you every time you make a claim). The incident must be reported to the police a charge laid against the employee.

Should you require cover for money in the custody of collectors, this must be specified in the schedule. Cover is extended to include the following:
Locks and keys: In addition to any payment in respect of a defined event the company will indemnify the insured in respect of the cost of replacing locks and keys to any receptacle at the insured premises following upon disappearance of any key to such a receptacle or following upon the insured having reason to believe that any unauthorised person may be in possession of a duplicate of such a key.
Skeleton Keys: Cover extends to include loss of or damage to the property of the insured caused or accompanied by entry to receptacles by use of skeleton key or other similar device (excluding a duplicate key) provided that the insured shall establish to the satisfaction of the insurer that a skeleton key or device was used.

Contact us on +266 2231 3018 /5250 0404/5 to speak to one of our brokers or fill in the Request a Quote Form.

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