Cash in Transit / Cash in Safe Insurance/Fidelity Guarantee:
A business may be robbed of cash either during normal business hours or after normal business hours. Money may be stolen whilst in transit between the bank and the office or on any other route.
Cash in Transit, Cash in Safe and Cash in Drawers policy will compensate the business for such loss. The policy may be extended to cover accidental injury to employees of the business who may be injured during a holdup.
Most businesses handle money at some stage in their operations. Money insurance can insure against money in-transit loss, insure cash in a safe, and can include theft or fire loss. Almost all businesses handle money in some form – cash, cheques, credit card slips, and bankers’ drafts, making this form of insurance essential for businesses large and small. It will even cover a small amount of cash at the home of directors or employees, both in and after business hours.
Physical transfer of money and other valuables can pose a risk. Even the best efforts of securing money during transport are not an absolute assurance that no robbery might occur. That is why, we are not surprised to hear news about cash in transit heist, and they seem to increase as time goes by. Authorities urge business owners to be more vigilant, but still, they are faced with cash robbery threats. With these risks in mind, we realize the need for Money Insurance. It is an excellent and wise solution to counter the risks.