Property & Business Protection
Money Insurance
Businesses that handle cash face risks different from those relating to other assets.
What is it?
This is cover concerning the loss of money, such as cash or cheques, while held on business premises, in transit, or in other specific circumstances defined in the contract. The exact content depends on the nature of the activity and the insurer.
Who is it for?
It is relevant to businesses that handle significant amounts of cash, such as retail shops, restaurants, petrol stations and businesses that regularly transport money to the bank.
Legal position
Is it compulsory in Cyprus?
Not generally compulsory
Money insurance is not required by law. It may, however, be connected to internal cash-handling policies requested by other parties involved.
General information only. Requirements can change and depend on your activity — Vesta can help clarify what applies to your circumstances.
When might you need it?
Your business handles significant amounts of cash on a daily basis.
You regularly transport money between your premises and the bank.
Your business turnover grows, along with the amounts kept on site.
You open a new sales point with its own till.
These are illustrative circumstances, not a description of policy terms, conditions or exclusions.
Why review this cover?
The amount of money a business handles can change significantly over time, and the conditions in which it is kept or transported affect its level of exposure. A review helps establish whether the cover matches the actual amounts and how they are managed.
The Vesta approach
Understand first, then solutions.
We begin by understanding how money moves through your business: how much is kept on site, how it is transported and what security procedures are already followed. Based on this picture, we discuss which aspects are worth examining.
Next step
Let's look at your circumstances.
Tell us how things work in practice and we will explain what is worth reviewing before any solution is discussed.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you.
Related insurance areas
All business insurance