Protection for money used in operations.
Cash in transit insurance is a necessary safeguard for money used in the course of the insured's business. Losses arising from theft or hold up are covered for the following locations:
- On business premises during business hours
- While in transit from insured premises to bank or vise versa
- On premises outside business hours in a locked safe or strong room
- Coverage on the policy can be extended to recover damages done to the safe and/or strong room
- At the private residence of the insured or authorized persons
- In the custody of authorized collectors