Money Insurance

This section provides answers to the following questions:-

Why is Money Insurance Needed?
What Cover does a Money Insurance Policy Provide?
How much Money insurance Will my Business Need?
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Why is Money Insurance Needed?

Money insurance provides "all risks" cover for cash, cheques, postage stamps and other negotiable documents.

Personal assault cover may be included, which will provide compensation for you or your employees following injury during theft or attempted theft of money.

What Cover does a Money Insurance Policy Provide?

Money Insurance provides cover for money when carried by you or your employees, in a bank night safe, on the premises, in a safe, and even for a small amount of cash at the home of directors or employees in the event of an assault.

Personal Accident cover is often provided for those carrying the money and this also includes damage to clothing, damage to safes and stamp franking machines.

The policy terms will depend on the nature of the business and its trading hours and may stipulate banking and security procedures.

How much Money Insurance Will my Business Need?

Again, as with other types of insurance policy, you will need to work out the value of all the cash, cheques, postage stamps and other negotiable documents, and ensure these values are covered by your policy.

Premiums will vary depending on how much money is kept on the premises in and out of business hours, in safes, at the homes of directors or employees, and in transit. There may be requirements in the policy relating to safe keys and the method of transit.

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Money Insurance Policies will shortly be available here at Coverzones.

Coverzones is committed to the delivery of competitive business insurance products to small businesses throughout the UK. Working in partnership with the country's leading insurers, Coverzones compares the market, sourcing the best priced products tailored to the needs of each small business we cover.

Coverzones is quick and simple to use. We've kept questions down to a minimum and put instant, value-for-money quotes in front of our customers, offering them real choice. Our small business customers can click and choose to get covered immediately. They can also manage their policies needs, all in one place, using a complimentary MyCoverzones account.