Madison Money Market Fund: Daily Yield: 9.02% Effective Annual Yield: 9.44%

Are you in the transport business? Do you need to cover goods under your custody while in transit? Our Carriers’ Liability policy will cater to all your needs.

The Carriers’ Liability policy provides cover against legal liability for accidental (physical) loss or damage to property in your custody or control this includes transit and during loading or unloading.

The policy covers accidental loss or damage during the period of insurance or within the territory stated in the contract.

We will not be liable for the following claims:

  • Damage to leased property or property under hire purchase.
  • Damages or destruction of account bills, currency, deeds, evidences of debts, money, notes or securities in your custody.
  • Arising from the dishonesty or fraud of your employees or persons to whom you have entrusted the insured property.
  • Loss of market, whether or not a delivery time or date has been contractually agreed.
  • Willful illegal sale of property under your custody.
  • Willful conversion and/or willful or purposely hiding of property.
  • Damage to property in your custody caused by change in temperature resulting from the total or partial destruction of any refrigeration or cooling apparatus from any cause.

It’s time! Get the cover you deserve

Related Products

Fidelity Guarantee
Public Liability
statisticsArticlesFact Sheet
January 11, 2023

Money Market Fund Factsheet December 2022

The investment objective is to achieve capital preservation by investing in short-term money market instruments such as Bank Deposits, Government Securities and Corporate Instruments. The average maturity of assets will…
Fact Sheet
October 8, 2021

Equity Fund September 2021

The objective of the Madison Equity Fund is to achieve long-term capital growth through investing in a diversified portfolio of various asset classes in the local and international market with…
Fact Sheet
October 8, 2021

Money Market Fund September 2021

The investment objective of the Madison Money Market Fund will be to achieve capital preservation. The fund will invest in short-term money instruments in the local and international markets. The…
Fact Sheet
October 8, 2021

Monthly Economic Highlights – September 2021

Economic Update Kenya’s Covid-19 vax program picks up pace The Monetary Policy Committee (MPC) met on September 28, 2021, against a backdrop of the continuing global COVID-19 (coronavirus) pandemic, the…