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This policy aims at providing security to commercial organizations against loss of their monetary funds, while in transit or in a safe, due to theft, burglary, and other fortuitous events.
About the Policy
This policy aims at providing security to commercial organizations against loss of their monetary funds, while in transit or in a safe, due to theft, burglary, and other fortuitous events. To provide complete safety we offer coverage for money in transit as well as when placed in a safe.
Important details
Features
The policy indemnifies the insured against:
Loss of money in transit, by the insured or the insured authorized employee(s), occasioned by robbery, theft or any other fortuitous cause.
Loss of money in safe, by burglary, housebreaking, robbery or hold-up.
Riot & strike.
Infidelity of the cash carrying employee.
Cash in counter/ till.
Exclusions
Shortage due to error or omissions.
Loss of money entrusted to any person other than the insured or authorized employee of the insured.
Loss occurring on the premises after office hours, unless the money is in a locked safe or a strong room.
Money carried under contract of affreightment and theft of money from unattended vehicle.
Loss or damage whether direct or indirect arising from war or warlike operations etc.
Any consequential loss and legal liability of whatsoever nature, directly or indirectly caused by or contributed by or arising from ionizing radiation or contamination by radioactivity or from any source whatsoever.
Terrorism
