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Cash in Transit

Cash in Transit

Insurance for armoured car carriers from all risks of physical loss or damage to cash and other valuable items whilst in transit.

What we offer

We offer some of the broadest levels of global cover available, with high flexibility to tailor policies to cater for individual client’s insurance needs, with maximum line limits of up to US $100,000,000.

Coverage includes:

How can we help

Our team includes wordings experts and exceptional claims managers who provide unique risk insight and advice on practical security measures designed to reduce the risk of theft and to keep cargo safe whilst in transit.

Central to our approach is forming longstanding relationships with brokers and their clients around the world, so that we can understand our insureds’ businesses and provide tailored coverage as required.

Who we can help

A wide range of organisations from smaller independent businesses to global corporations that transport cash and valuables such as:

Armoured car companies
Investment banks
Financial traders, dealers and brokers
Numismatics and collectors

WHERE IS THIS OFFERED?

Worldwide

The Beazley Difference

Integrated risk protection package that combines several coverages in just one policy
Affirmative coverage for claims made against an insured which results in bodily injury
Deep product knowledge since we pioneered Virtual Care in 2009
Knowledgeable Underwriters, Wordings Lawyers, and Claims Managers with expertise in all key areas of coverage
Dedicated Beazley Breach Response Services, including breach response management, information security insurance solutions, and risk management services

Examples or Scenarios

From replenishing banks and ATMs to collecting shop takings and delivering the wage roll, advances in technology have not removed the need to transport cash from A to B. And where large quantities of cash are found it naturally becomes a target for both professional and opportunist criminals.

When asked why he robbed banks, Willie Sutton, the legendary US criminal, apocryphally replied “Because that’s where the money is”. Decades later the principles of “Sutton’s Law” still hold true.