Gateway Park, Block D, Mombasa Road,
Nairobi
Money Insurance
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
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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.