When it comes to our CIT policy, there are common exclusions that you should be aware of. These exclusions may vary depending on the specific policy, but here are some:

Merchandise Exclusions

Certain types of merchandise may be excluded from coverage. For example:

Computer Equipment And Electronics

Valuables like computers, electronic devices, or other high-value items may not be covered during transit.

Precious Metals And Diamonds

While the policy covers cash, it might exclude other valuable items like precious metals or diamonds.

Damage Or Confiscation By A Government

If cash is damaged or confiscated by a government authority (due to legal issues, regulatory actions, or other reasons), it may not be covered.

Riot, Strike, and Terrorism

Losses resulting from riots, strikes, or acts of terrorism may not be covered unless specifically included in the policy.

After Hours

Loss after business hours unless the money is safeguarded in a locked safe or strong room.

Errors And Omissions

Shortages due to errors and omissions

Unauthorised Individuals

Losses from unauthorised individuals possessing cash

Losses From Safes 

Losses from safes unless keys are obtained forcefully. 

Natural Disaster Etc.

Damage or losses due to natural disasters, war and its related perils, riots, and terrorist activities.

Negligence

Losses resulting from negligence or failure to follow prescribed security measures and protocols.

Fraudulent Acts

Losses due to fraudulent acts or collusion by the insured or their employees.

Wear and Tear

Damage due to normal wear and tear or gradual deterioration.

Unattended Vehicles 

Losses occurring when cash and valuables are left unattended in vehicles unless specific security conditions are met.

When it comes to our clients, we are firm believers in complete transparency. You may be confident that we will work tirelessly to protect the hard-earned cash of your company by offering outstanding service and support.