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Corporate COVER OPTIONS

Money Insurance

Money is at risk of theft whenever it is handled or stored, with the greatest vulnerability occurring during transit.

Cannon General Insurance offers Money Insurance Cover to protect your organization against the loss or damage to money while in transit or stored on premises, both during and after working hours.

range of coverage

Wages, Salaries, and Petty Cash
Covers money in direct transit from the bank to the insured premises for wage payments, salaries, and petty cash.
General Transit
Covers money in the personal custody of the insured or authorized employees during direct transit between the premises and the bank or post office.
Collections
Protects money collected by the insured or authorized employees during transit to the premises or bank, within 48 hours of collection.
Safes
Covers money stored in safes and damage to safes caused by theft or attempted theft.

Causes of Damage Covered

Hold-Ups - Protection against money loss during hold-up situations.
Riots and Strikes - Coverage for money lost during riots, strikes, or civil commotion.
Assault Cover - Additional coverage for assaults on employees or individuals handling money, available at a nominal extra premium.
Theft by Employees - Covers money stolen by employees during their employment, ensuring protection against internal theft.

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