This policy can be taken to indemnify loss of money either while in transit or while in custody. Money here includes cash, bank drafts, currency notes, treasury notes, postal orders and postage stamps.
The basic policy covers money handled by employees named in the schedule. Money insurance can also be extended to cover unnamed employees at an extra premium.
Many corporations tend to contract out the task of cash carriage, in which case the policy can be extended to include carriage of cash by contractors' employees provided all the cash carriage is contracted out.