Miscellaneous Insurance
Miscellaneous Insurance
1. MONEY INSURANCE
Insurance that provides protection against loss and loss of money for any reason, whether the money is kept in a cash in safe, cash in a cashier box, or when money is about to be taken or deposited in a bank (cash in transit).
A. CASH IN SAVE INSURANCE
Providing a loss guarantee to the insured for storing money in a safe that arises as a result of loss, theft, robbery, demolition, embezzlement and other similar actions carried out by non-insured or persons authorized to manage the money. Guarantee period: 24 hours and the insurance policy is issued for a certain period of time, generally 1 year.
B. CASH IN CASHIER BOX INSURANCE
Provide guarantees for loss to the insured against the deposit of money in the cash register (petty cash) arising from loss, theft, robbery, demolition, mugging, and other similar actions carried out by non-insured or persons authorized to manage the money.
C. CASH IN TRANSIT
Provide guarantees for loss to the insured for remittances arising from loss, theft, robbery, demolition, embezzlement or other similar actions committed by non-insured or persons authorized to manage the money. Guarantee period: until the money sent is received by the recipient or arrives at its destination.
MACHINERY BREAKDOWN INSURANCE
Provide guarantees for damage or loss to machines that are damaged or stop operating caused by damage to the machine itself (internal) and not from danger that comes from outside (external). Example: insurance for factory machines, refrigerators, generators, etc
2. FIDELITY GUARANTEE (FG)
The guarantee given to the entrepreneur/company owner for the possibility of any losses suffered as a result of dishonesty/fraud acts committed by the said employee.
