Paymaster Robbery Insurance

Definition of "Paymaster robbery insurance"

Rici Birmingham real estate agent
Rici Birmingham, Real Estate Agent Texas Home Group Realtors

Coverage for robbery of the payroll of a business. Coverage applies to money and checks from the time the payroll is withdrawn from the bank until it is distributed to the employees, whether inside or outside of the premises of the business. Employees are covered if robbed of their pay when the business itself is being robbed of the payroll. Excluded are manuscripts and records of accounts.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions