Page 147 - Misc Ebook IC 78

Miscellaneous Insurance

(ii) The number of employees carrying money, their service
tenure with the insured and whether any of them was
involved in any previous default.

(iii) The mode of transport to be used while carrying money,
i.e, taxi, bicycle, bus etc

(iv) The manner in which it is carried, i.e, in the body of the
employee, in a bag, sealed box etc.

(v) Whether armed guards accompany the person carrying
the money.

(vi) The places between which the money is carried and the
location in relation to the neighbourhood.

(vii) The route through which the money is carried, whether
it is a thoroughfare or traverses through any sparsely
populated or lonely area and whether the route would
be varied to prevent ambush.

(viii) The time of the day when the money would be carried
(usually should be between 9am to 5pm).

(ix) The distance over which the money is carried (usually
not to exceed 25 km).

(x) The general condition of law and order in the area through
which the money is carried.

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