Why get money insurance?
In the fast-paced world of business and finance in Lesotho, securing assets is a top priority. One essential way to safeguard financial stability is through money insurance, which protects businesses from the loss of money due to various risks like theft, robbery, or accidents. This type of insurance provides a safety net, ensuring that your company remains financially resilient in unexpected events.
Money Insurance explained
Money Insurance is a type of insurance policy that provides protection against the loss of money while it is in transit, at business premises, from financial losses caused by dishonest or fraudulent acts by employees such as theft or embezzlement or robbery. It is mainly designed for businesses that handle large amounts of cash, cheques, or other negotiable instruments.
What does it cover?
- Covers Loss of Money: Protects against loss due to theft, burglary, robbery, or accidental mishaps.
- Covers Money in Transit: When cash is being carried from office to bank (or vice versa) or between branches
- Covers Money on Premises: Protection for money stored in safes, strong rooms, or cash counters during business hours.
- Employee Custody Cover: Extends protection if money is kept temporarily in the home or custody of an authorized employee.
Why Choose CIB?
- Access to Multiple Carriers
CIB is not tied to a single insurer – we can shop across a wide range to find policies that fit your specific needs and budget.
- Tailored, Personalized Coverage
Rather than cookie-cutter policies, CIB takes time to understand your situation—whether that’s for your home, business, or auto—so coverage aligns precisely with your needs.
- Advocacy and Claims Support
If you need to file a claim or resolve a dispute, CIB acts as your advocate and guide you through the process.
- Expert Advice and Guidance
Our skilled and experienced team explains complex policy language in plain English and help you navigate coverage options with confidence.
- Ongoing Service and Long-Term Support
This includes regular policy reviews, updates as your needs change, and responsiveness when you need help—rather than a one-time sale.