The objective of Money Insurance is to indemnify the Insured against loss of money belonging to the insured or for which the insured is responsible, subject to the terms, provisions, conditions and exceptions of the policy.
The Policy is specifically restricted to cover money whilst in transit to/from the Insured’s premises and/or bank or post office. The policy can also be arranged to include other transit risks if agreed specifically.
Money whilst in locked safes or strong rooms can also be covered under the Policy.
Fidelity Guarantee Insurance covers any act/acts of fraud or dishonesty committed by the insured’s employees. The policy therefore, indemnifies the insured (employer) up to the amount guaranteed, subject to the policy terms, conditions and exceptions. The insurance policy shall be issued on named basis only.
- Advance payment Bond
- Bid bond
- Customs bond
- Supply Bond
- Performance Bond
- Retention Bond