The insurance covers loss of the company's money i.e. cash, cheques, postal and money orders,
whilst in transit or in safe or whilst in the personal custody of the employees. Cover in this wise
suggested to be provided on the following basis:

• On money in transit from the insured's premises to the bank and vice-versa including other transits of money by the insured;
• Money in securely locked safe;
• Money in locked cash box or cabinet;
• Money out of Safe or locked cash box;
• Money in personal custody of some senior members of staff;
• Money in custody of salesmen/purchasing officers;

Premium Rates:

1. Cash-in-transit - 0.1%
2. Cash-in-safe - 0.5%
3. Cash-in-personal custody - 1.5%