Pecuniary insurance covers financial losses rather than physical damage. It protects businesses and individuals against risks like loss of income, fraud, or legal expenses. Examples include business interruption insurance, credit insurance, and employee dishonesty coverage.

This covers: –

Consequential Loss/ Business Interruption
– Insurance that covers financial losses due to business disruptions caused by unforeseen events.

Fidelity Guarantee
– Insurance that protects businesses from financial losses caused by employee dishonesty or fraud.

Cash in Transit
– Insurance that protects businesses against the loss of money while it is being transported.

Bid or Tender Bond
– A guarantee that a contractor or supplier will honor the terms of their bid if awarded a contract.

Performance Bonds
– A guarantee that a contractor will complete a project as per the agreed terms and conditions.

Advance Payment Bonds
– A guarantee that a contractor will use advance payments as agreed and fulfill contract obligations.

Custom Bonds
-A guarantee that importers will pay all customs duties, taxes, and fees as required by law.

Retention Bonds
-A guarantee that a contractor will fix defects or issues during the maintenance period after project completion.

Directors and Officers Insurance
-Insurance that protects company directors and officers from personal financial loss due to legal actions.

Bankers Blanket Bond
-A comprehensive insurance policy that protects banks and financial institutions from losses due to fraud, theft, or dishonesty.