Features and Benefits
Requirements: Money is the lifeblood of any business. Big or small, all companies need it to run daily operations. Employee salaries, utility bills, equipment purchase and maintenance, travel expenses, etc. all have to be paid out for the work to continue and for business to grow. Many times a business requires the availability of large amounts of cash for some particular tasks. Handling large amounts of cash is always risky and there is a chance of losing that money by robbery and other such threats. Such a loss besides being devastating can hinder your regular work. A suitable Money Insurance Policy can help you cover your losses when the worst happens.
Benefits: Running your own business requires large volumes of money and a very careful planning and handling of finances. There might be a multitude of financial commitments that cannot be fulfilled without the expected profits. There may be large amounts of cash used in the daily workings of your business and cash is mostly an untraceable commodity. Unless specially marked, one note is indistinguishable from another, and with a lot of it involved marking each and every one is not always a feasible option. This is where the Money Insurance Policy comes into play. Safeguard your hard cash with this miscellaneous insurance policy. This policy will cover you in case of emergencies such as robberies, thus enabling you to be able to keep your business running without an unnecessary cessation of daily tasks and consequentially a loss of profit.
Sum Insured: The sum insured under the Money Insurance Policy should be the total amount of the money you consider to be at risk, while in transit or in your own safe.
Premium: The amount of the premium you pay for the Money Insurance Policy will depend on the amount insured, per carrying limit, distance and security.
Please read the
policy wordings for more information.
*Terms & Conditions apply.