Money determines much of your endeavours’ value and thus, you should seek to keep it safe and secure. With our Financial Insurance solutions, we provide you with customized coverages that will enable you to withstand a financial loss that would cripple your financial status.
Money deemed to include cash, currency notes, postage, revenue and NHIF Stamps, postal and money orders, uncrossed and bearer cheques. With Financial Insurance, the covers are two-fold namely;
i. Fidelity Guarantee Insurance:
A Fidelity Guarantee policy indemnifies the employer against all direct pecuniary loss, which the employer may sustain by any act of fraud or dishonesty committed by any insured employee. It usually insures a business for losses caused by the dishonest acts of its employees.
ii. Money Insurance
Money Insurance covers “Money” carried by the Insured or the authorized employees / messengers while in transit. Money that has not been disbursed and has been retained in a safe is also covered. Money means and includes cash, bank drafts, currency notes, treasury totes, cheques, postal orders and current postage stamps. The policy covers:
loss of money in transit, by the Insured or the Insured’s authorized employee(s), occasioned by robbery, theft or any other fortuitous cause.
loss of money in safe, e, by burglary, housebreaking, robbery or hold-up, provided always that the limit of the Company’s liability for any one loss shall in no case exceed the amount specified against any respective section in the said Schedule to the Policy.