Pecuniary Insurance Kenya 2026 Complete Guide
Fidelity Guarantee & Credit Insurance cover for businesses against employee fraud, theft, and bad debts across Diani, Ukunda, Mombasa, Kwale, Nairobi & all of Kenya.
Quick Answer: What is pecuniary insurance in Kenya?
Pecuniary insurance in Kenya covers financial losses arising from employee fraud, theft, and bad debts. The two main types are Fidelity Guarantee Insurance (covering employee dishonesty and theft) and Credit Insurance (covering bad debts from customers who fail to pay).
Pecuniary insurance is not statutory, but it is highly recommended for businesses that handle cash, have significant receivables, or employ staff in positions of financial trust. Many tenders and contracts require it. Premiums start from KES 20,000 per year.
Precise Insurance Agency provides free quotes in 24 hours and same-day certificates — serving Diani, Ukunda, Mombasa, Kwale, Nairobi, and all of Kenya.
Pecuniary insurance protects your business against financial losses caused by employee dishonesty, theft, and non-paying customers.
Whether you run a bank, SACCO, retail shop, manufacturing plant, or professional services firm, pecuniary insurance is essential for protecting your cash flow and bottom line. At Precise Insurance Agency, we compare pecuniary insurance plans from leading providers — Jubilee, Britam, CIC, APA, ICEA LION, and more.
From Fidelity Guarantee for employee fraud to Credit Insurance for bad debts, we help you find the right cover for your business in Diani, Mombasa, Kwale, Nairobi, and across Kenya.
Did you know? Employee fraud and bad debts are among the biggest causes of business failure in Kenya. Pecuniary insurance premiums are calculated based on the cover type and limits — typically 0.5% to 2% of the guarantee amount.
Fidelity Guarantee Insurance
Protect your business against employee fraud, theft, and embezzlement.
What Fidelity Guarantee Covers
- Employee dishonesty and fraud
- Theft of cash, securities, and property
- Embezzlement and misappropriation
- Forgery and fraudulent documentation
- Legal defense costs and investigation
Who Needs Fidelity Guarantee
- Banks, SACCOs, and microfinance institutions
- Retailers and wholesalers handling cash
- Schools, churches, and NGOs
- Hospitals, hotels, and restaurants
- Any business with employees in trust positions
Credit Insurance
Credit insurance (trade credit insurance) covers your business against bad debts when customers fail to pay for goods or services.
What Credit Insurance Covers
- Bad debts: Non-payment by customers for goods or services supplied.
- Insolvency: Customer bankruptcy or liquidation.
- Protracted default: Customers who fail to pay within agreed terms.
- Political risks: Export credit risks including currency inconvertibility.
- Debt recovery: Professional debt collection services.
Note: Credit insurance is essential for businesses that sell on credit terms. It protects your cash flow and helps you recover from non-paying customers.
Money Insurance
Protect your cash, cheques, and valuables on your premises.
What Money Insurance Covers
- Cash in safe, till, and on premises
- Cheques and negotiable instruments
- Theft, burglary, and robbery
- Employee dishonesty
- Damage to safes and strongrooms
Cash in Transit Insurance
Cash in transit insurance covers your money while it is being transported between your premises, bank, and customers.
What Cash in Transit Covers
- Transit: Cash and cheques while being transported.
- Theft: Robbery, hold-up, and hijacking.
- Employee dishonesty: Theft by employees during transit.
- Accidental damage: Damage to cash or valuables during transit.
- Legal defense: Costs of defending claims related to transit.
What's Covered & What's Not
Covered
- Employee fraud, theft, and embezzlement
- Bad debts from non-paying customers
- Cash, cheques, and valuables on premises
- Cash in transit to and from bank
- Legal defense costs and investigation
- Debt recovery services
- Insolvency of customers (credit insurance)
Not Covered (Exclusions)
- Losses not reported within the required timeframe
- Fraud or collusion by the business owner
- Losses due to war, terrorism, or nuclear risks
- Bad debts incurred before policy inception
- Fines, penalties, and punitive damages
- Normal wear and tear
Industries We Cover Across Kenya
We provide pecuniary insurance for every industry in Kenya. Custom rates are based on risk classification.
Locations We Serve in Kenya
Precise Insurance Agency provides pecuniary insurance across Kenya. Walk-ins welcome at our Diani Beach office — or we'll come to you.
Claims Process — Pecuniary Insurance
Filing a pecuniary insurance claim in Kenya is straightforward when you work with Precise Insurance Agency. We guide you through every step from notification to settlement.
- Report the incident immediately — Notify your insurer within 48 hours of any fraud, theft, or bad debt.
- Secure evidence — Gather documents, records, and witness statements.
- File the claim form — Complete the insurer's claim form with details of the loss.
- Provide supporting documents — Police abstract, audit reports, invoices, and demand letters.
- Assessment & investigation — The insurer appoints a loss adjuster to assess the claim.
- Settlement — Compensation is paid within 30–60 days of a completed claim.
Timeline: Pecuniary claims are typically processed within 30–60 days. Complex claims may take longer, but Precise Insurance advocates on your behalf throughout.
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