By how much will cover for business money increase if Dan secures it in a safe?

The cover for business money typically increases by a specified limit if the money is secured in a safe, as this reduces the risk of theft or loss. In many household insurance policies, securing money in a safe can lead to a higher coverage limit. The standard increase often specified is £500, which reflects the insurer’s view that the risk has been mitigated by the presence of a secure safe.

This means that, if Dan secures his business money in a safe, the insurance policy allows for an increase in cover specifically due to the reduced risk. Understanding this provision is important for individuals and businesses that need to ensure their cash holdings are adequately protected while also leveraging the benefits of risk management practices.