The physical transfer of money and other valuables can pose a risk. Even the best efforts to secure money in transit are not an absolute guarantee that no robbery can occur. This is why we are not surprised when we hear news about robberies or theft of money in transit, and the cases seem to increase with time. Authorities are urging banks and business owners to be more vigilant, but the threat is ever-present. Given these risks, we understand the need for cash insurance. Cash in Transit Insurance Policy is an excellent and smart solution to protect against transport risks for Banks, Foreign Exchange Companies, or any Financial Institution.
The Albsig Cash In Transit Insurance policy covers the loss or damage of monetary assets under the custody of employees or the transport/insurance company on the journey to various destinations.
Damage/loss of monetary assets as a result of:
