Money insurance protects your business from financial loss due to theft or damage. It might cover cash, checks, and other negotiable instruments. It generally focuses on physical money, and therefore is less relevant in today’s largely cashless society.

Yet, if you have an office or commercial combined insurance package covering property, contents, or computers, there’s a good chance it’ll also include money protection – depending on the insurer and policy type. Where it’s included, you’ll normally receive the standard cover without paying a separate charge, so there’s rarely any benefit to removing it.