This Policy covers the loss of money in transit between the bank and the office or between offices. Loss due to theft and attack is covered and can be extended to cover the loss of money in a safe, in the counter and money with directors. Separate limits have to be specified for coverage. Underwriting requirements
This is a necessary policy for businesses that have cash transactions. The liabilities that we insure include:
cash in transit
cash in premises
cash in safe
cash with directors or the business
The policy will cover loss of money in varying scenarios including hold up, burglary and by use of force or threat of the person with the money.