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This type of insurance covers loss of money due to theft, whether in a secure treasury or during transport from one place to another. -
This policy covers monetary losses sustained to the funds of employer (the insured) as a result of an act of squandering or embezzlement committed by the insured’s employee while carrying out his/her job.
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This policy is specifically designed for banks and similar financial institutions to respond to risks that they may be exposed to.
