If your business was unlucky enough to have money stolen or lost, with the right cover in place it doesn’t have to spell disaster. Loss of money insurance is a simple add on to your office policy with Small Business Direct.
Handling cash, cheques or foreign currency might be part of your routine, or you may just do the occasional bank run. Either way, if you’re the victim of theft or you lose cash travelling to the bank as part of your work, it could mean a financial headache and budget re-think. So it’s worth considering loss of money insurance.
Loss of money insurance pays out in the event of theft or loss (including in transit) as long as you’ve not been negligent. Levels of cover vary depending on what you do and the value of cash you deal with, but it would keep the cash flowing if something went wrong that wasn’t the fault of your business, up to £10,000 in most cases.