ACCOUNTS RECEIVABLE INSURANCE
Insured Perils:
Loss or damage as a result of an accident or misfortune to the Insureds books of account. In consequence, the Insured is unable to trace or establish debit balances in whole or part due to them.
Reasonable incurred increased collection costs.
Extensions:
Transit of books of account
Important: (* if stated as required)
Signed monthly debt balance statement required
Duplicate records stored at different premise
Storage of books account in a fire resistant safe
Exclusions:
Wear and tear
Insects or vermin
Seizure by lawful authority
Staff dishonesty
Electronic books of account unless duplicate records maintained
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