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Money cover

If money (for example cash or gift tokens) or non-negotiable money (for example, crossed cheques) is damaged or stolen, it may not be covered under your contents insurance.

Money insurance can cover loss of cash and non-negotiable money from your business premises, in transit, and from your and your employees’ homes. The circumstances under which you’ll be covered are often quite specific, so it’s important to check your policy‘s terms carefully to see exactly what you’ll be covered for.

 

Who needs to insure money?

If you deal with cash or non-negotiable money as part of your business, you should consider money insurance.

 

Our money cover

Our policies include money insurance as standard.

 

  Sum insured/limit of liability
  Homeworker and Trademen
All other trades           
Non-negotiable money Up to £250,000 Up to £250,000
Money in transit or at the premises or the bank night safe Up to £5,000 Up to £10,00
Money in a safe outside business hours Up to £5,000 Up to £10,000
Money not in a safe outside business hours

Not included for Homeworkers

Up to £500 for Tradesmen  

 
Money at your or your employees’ homes Up to £500 Up to £500
Loss of your or your employees’ belongings by theft Up to £500 Up to £500
Money in vending machines Not included

Up to £250 Retail & Surgery
Up to £500 Pub, Hotel,

Manufacturing and Wholesale

Business Credit Cards Up to £250 Not included

 

 

Some examples

You run a bike shop. Two of your members of staff are taking cash to the bank at the end of the day when they are robbed. You lose a day’s takings.

An employee leaves their jacket behind the till at work. At the end of the day they find that their wallet, and all their cash, has been stolen from the jacket.

Your office is robbed and cash, cheques and banker’s orders are stolen from the safe.

 


Important notes!

Your policy will state important security and cash carrying conditions. Make sure that you comply with them - otherwise your claims may not be paid.

 

Our policies do not cover shortages due to clerical or accounting errors or losses from unattended vehicles.

 

This article is for your general information only. Always check a particular insurance product’s policy wording carefully to find out exactly what cover it provides, what the limits of the cover are and whether there are any exclusions or conditions.

 

 

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