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.
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.
Beazley’s team of specialist underwriters bring many years of experience to helping protect armoured car carriers from the risk of loss or damage to cash and other valuables in their care.
Whether the threat comes from a dishonest employee or from outside the organisation, we believe that the most important thing is to prevent a loss taking place. We therefore work with our clients on practical security measures to reduce the risk and keep their cargo safe. However, should the worst happen then they can have peace of mind in the knowledge that they are covered by comprehensive insurance designed specifically for the purpose.
We provide cover for a wide range of armoured car carriers from smaller independent businesses to global organisations.
A broad all risks of physical loss or damage coverage for the liabilities relating to goods for which an operator is contractually responsible, including:
- Losses whilst in transit
- Fidelity perils
- Natural perils and catastrophe
- Domestic and international.
Up to $100,000,000
Cash in transit team
Senior Underwriter - Small Business Unit
+44 207 674 firstname.lastname@example.org