The armored car industry handles a diverse range of valuable items, extending beyond cash and currency to encompass fine art, jewelry, precious stones, bullion, mobile phones, computer components, gift cards, lottery tickets, pharmaceuticals, securities, and collectibles. The rising incidence of theft targeting these high-value goods necessitates enhanced security measures during transit. An effective Armored Car Insurance Program is crucial for businesses operating in this sector, offering robust financial protection against potential losses.
Great American Insurance Group provides a specialized armored car insurance program designed to address the unique risks associated with secure transportation. Their coverage enhancements offer comprehensive protection, ensuring peace of mind for armored car operators. Key features of this program include:
Enhanced Coverage Features for Armored Car Businesses
- Container Coverage: Protection against loss or damage to locked safes, vaults, or cash boxes resulting from actual or attempted theft. This feature of the armored car insurance program safeguards the containers specifically designed for high-value asset security.
- Premises Damage Coverage: Reimbursement for damages to the insured premises or exterior structures caused by theft attempts, ensuring that businesses are not left with repair costs following a security breach.
- Pollution Clean-Up Coverage: Up to $10,000 coverage for pollution extraction expenses if a vehicle suffers spills of hazardous materials like fuel or oil due to a theft incident. This environmental protection aspect is a valuable component of a comprehensive armored car insurance program.
- Prior Policy Period Loss Coverage: Extends coverage to losses that might have been covered under a previous policy but were not claimed within the original policy’s timeframe. This provides continuous protection and demonstrates the long-term commitment of this armored car insurance program.
- Extended Proof of Loss Filing Time: Policyholders benefit from a 120-day window to file a Proof of Loss form, double the standard 60-day period offered by most armored car insurance programs. This provides ample time to gather necessary documentation and process claims effectively.
- Temporary Employee Inclusion: Temporary employees are explicitly included within the definition of “employee” under the policy, broadening the coverage scope and reducing potential liabilities associated with temporary staff.
- No Standard Warranties: The policy form is designed without standard warranties that could inadvertently void coverage, simplifying the terms and ensuring greater clarity and reliability for policyholders seeking a dependable armored car insurance program.
Great American’s commitment to the secure transport industry is further underscored by their founding membership and active board participation in the Secure Cash & Transport Association. This involvement highlights their industry expertise and dedication to best practices in secure transportation and risk management.
Secure Your Assets with a Tailored Armored Car Insurance Program
For further inquiries about our specialized armored car insurance program and how it can protect your business, please Contact Our Team to discuss your specific needs and receive a customized solution.
