Loss or theft of money is covered within the property module of Cornwall Council's policies.
This insurance covers the loss of funds, provided it is kept in a locked receptacle. It also includes cover for cash in transit to or from the bank.
School governors are regarded as employees under this policy.
The limits to the sums insured are:
| Cover | Sum insured |
|---|---|
|
Under the actual supervision of employees incl in transit |
£3,000 |
|
In a floor or wall safe or strong room |
£3,000 |
|
In a locked receptacle |
£1,000 |
|
In the private residence of any employee |
£300 |