MONEY INSURANCE
This policy is designed to protect businesses and organisations against the financial loss of cash and other monetary instruments due to theft, robbery and burglary. It is important for businesses that handle significant amounts of cash, such as banks, wholesalers and transport companies.
Scope of cover
The policy offers cover against loss of cash, cheques, postal orders and postal stamps:-
- While in direct transit from the bank to the insured’s premises or to the places of disbursement.
- While in transit from insured’s premises to the bank.
- While in the personal custody of the insured or the authorized employees
- While in secure locked safe, strong room in the insured’s premises during and after working hours.
Other RelatedProducts
Bonds
Traditionally, bonds have been issued by banks however, insurance companies are now widely recognized in Uganda as approved providers of bonds and guarantees.
Group Personal Accident
This policy provides compensation to employees, their families, or organized groups against accidental death or bodily injury, in accordance with the benefits specified in the policy and liability under the Workers Compensation Act, Cap 225 (2000)
Goods in Transit (Inland Transits)
This policy covers loss or damage to insured goods whilst in transit on land by any vehicle ,train, inland waterway including loading and offloading, against loss or damage by fire, lightning, theft and accidental means.
Motor Insurance Cover
Designed to protect the insured against loss of or damage to their vehicle, as well as liability for damage to third-party property, bodily injury or death arising from traffic accidents.
Fire and Special Perils
This policy Indemnifies the insured for accidental physical loss, destruction or damage to the property insured by any cause other those specifically excluded occurring within the geographical area specified at any time
All Risk Cover
This policy provides cover against accidental physical loss, damage, or destruction of property described in the schedule arising from any peril not specifically excluded under the policy.