• Theft or robbery leading to the Loss of money from the insured's premises during business hours
• Loss while transiting from from the bank to the places of disbursement or vice versa
• Loss from burglary, housebreaking, robbery and traffic where monies were placed in
• Loss within 48 hours from the time of collection when monies were in the personal custody of the insured or the authorized employees
• a vault in the insured's premises Loss of money in transit caused by robbery, theft, or any fortuitous events
• Loss within 48 hours from the time of collection when monies were in the personal custody of the insured or the authorized employees
• Loss of money from the insured's safe or strong room caused by theft or robbery

Premium

The payment of extra premium will cover other instances such as civil commotion risks , riot and strikes. The premium rates are flexible and range from 0.1% to 0.50% and varies according to the actual cash utilized over the period as declared within 30 days of the cover's expiry period.

The rate given is subject to a variety of factors such as the mode of conveyance, safety measures taken, distance involved, and estimated total cash carrying the liability of the company at point in time.

Procedures

• The applicant must duly complete the application and provide details for us to properly underwrite the risk form
• Copies of all losses when reported and registered with the police should be sent to insurers.
• We shall require vouchers or proof of ownership or any other evidence to substantiate the claim.
• Two reports prepared via police investigation and by the agency appointed by the insurers would be needed to settle all claims