Money Remittance Insurance
Our Money Remittance Service Insurance Solutions are uniquely tailored to provide you maximum hassle free protection during operational and non-operational hours. Your cash in premise, inclusive of all denominations and your cash in transit are protected with our money remittance service insurance solution. If you are in search of maximum protection for your business at the most affordable pricing, you will be astonished at what Money Remittance Service Insurance can do for you and your business. As part of value add, we can also assist in recommending top range security and safety devices for business environments like Security Alarm and Camera Systems, Tracking Devices, Lock Systems and Security Safe Boxes.
Primarily designed to protect your business from losses arising from theft and robbery during business and non-operational hours, this policy can be further enhanced to provides you comprehensive coverage on your property. It covers against loss arising from Fire & lightning explosions, aerial device explosion, flood, leakage of water pipes, damage due to burglary or theft and impact to property by road vehicles. Even though it sounds like general property insurance, it is unique in nature.
In your nature of money remittance business, you will be keeping large amount of cash in your business premise. Unlike general property insurance, Money remittance insurance covers your stock(money) in premise. This is important coverage for business owners of this nature. In the event of theft or robbery, you are protected against your stock loss that can curtail your business operations.
In your nature of business, you may be moving around with cash to the banks or to other business locations. Having cash in your pocket, exposes you immensely to high potential for robbery. Money remittance insurance also covers cash in transit. In the event, you have lost your cash due to robbery on the way to / from the banks or from other business location, the insurance will indemnify your loss.
You entrust daily business transactions to your employees. You have trusted and placed your faith in them to conduct your business in most ethical manner. Unfortunately, you will never know when there is change in your employees personal or financial life. Financially handicapped employees may decide to make off with your business cash. Since this is a form of internal theft, Money Remittance Insurance can provide you with additional Fidelity Guarantee insurance coverage. This add on coverage helps you recover your loss in the event your cash has been embezzled by your employees.
Depending on the type of coverage and the amount, the requirements can vary. Here are some general requirements that is expected in order to consider your business for Money Remittance Insurance considerations
- You should keep proper business records such as sales, purchase and other transaction
- Your business premise should be installed with proper alarm system
- Your business premise should be installed with proper CCTV system
- You should have proper SAFE or Vault setup
- Other requirements may apply
The actual cost depends on your security arrangements and your coverage requirements. There is no fixed cost that fits all businesses. The great news is, At JA Assure, we provide you one of the lowest premium rates in the market. Generally, our premiums are very competitively priced.
The information provided in this section meant as general information to help you better understand the product coverage. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance.