Money Insurance
Covers loss of money on the business premises, in transit, in safes, and at the bank — by theft, robbery, or accident.
Money insurance is the specialist cover for businesses that handle physical cash. It picks up where burglary and fire policies stop: money in safes, money in tills, money in transit to and from the bank, and money in the personal custody of authorised employees and directors. Where a burglary policy gives you only a token KES 50,000–200,000 money limit, a dedicated Money policy can run into the tens of millions per consignment.
Vike places Money cover for retailers, fuel stations, supermarkets, hospitality, microfinance, saccos, and any business with significant daily cash movements. We build the policy around your actual cash routine — banking days, route, vehicle, custodian arrangements — and we work with you on the security warranties (safe rating, escort, alarm) so premium reflects genuine control rather than insurer defaults.
What It Covers
Money in transit between premises, bank, and customers
Money on premises during business hours
Money on premises out of business hours (in locked safe)
Money in custody of authorised directors or employees
Money in night safes and ATMs
Damage to the safe and premises caused by attempted theft
Clothing damage and personal effects of money custodians during robbery (sub-limit)
Counterfeit currency received in the normal course of business (limited)
Who It's For
Retailers, supermarkets, and shopping centres
Fuel stations and convenience stores
Hotels, bars, and restaurants with cash takings
Saccos, microfinance institutions, and money remitters
Anyone making regular bank runs above token amounts
Types We Cover
Each profile is rated and underwritten differently. Talk to us so we can match your specific situation.
Standard Money Policy
Covers the four standard heads — in transit, on premises in business hours, on premises out of hours in safe, in personal custody. Default for most cash-handling SMEs.
Cash-in-Transit (CIT) Only
For businesses outsourcing safekeeping to a bank or vault but still moving cash. Common for retail chains using G4S / KK Security cash collection — but always verify whether the CIT contractor's own policy is sufficient.
High-Limit Money Cover
For businesses moving very large amounts — fuel chains, large supermarkets, financial institutions. Includes escort warranty, specified vehicle requirements, and CCTV verification.
ATM and Vault Cover
For ATM operators and high-cash-holding institutions. Includes replenishment in transit, ATM-resident cash, and damage to ATM from attempted theft.
Real-World Scenarios
Robbery of staff member on the way to the bank
An employee carrying KES 800,000 from the supermarket to the bank is robbed at gunpoint. Money in Transit settles the loss subject to the limit and the policy's escort/route warranties. Police abstract is required.
Safe broken into overnight
Forcible attack on the safe with tools; KES 450,000 stolen. Money on premises out of hours pays the loss provided the safe meets the rating specified in the policy (Class B, fire-resistant, etc.) and was properly locked. Damage to the safe and premises also covered.
Counterfeit notes accepted in the normal course of business
A retailer discovers KES 12,000 in counterfeit notes during a daily count. Limited counterfeit extension covers the loss provided it is below the policy sub-limit and the notes were accepted in good faith.
Optional Benefits & Add-ons
Increased limit for specific banking days
Escort warranty discount
ATM and night-safe extensions
Cash in personal custody of directors
Damage to safe and premises during attempted theft
Counterfeit currency extension
Availability varies by underwriter. Our advisors will confirm what is available on your chosen policy.
Frequently Asked Questions
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