The armored car industry plays a crucial role in the secure transportation of a wide array of valuable items, extending beyond just cash and coins. Fine art, jewelry, precious gems, bullion, mobile phones, computer chips, gift cards, lottery tickets, pharmaceuticals, sensitive securities, and valuable memorabilia are all routinely moved within this specialized sector. The increasing instances of theft targeting these diverse assets necessitate transportation solutions that offer the highest levels of security and robust insurance coverage to mitigate potential losses.
Great American Insurance Group offers enhanced coverage options designed specifically for the unique risks associated with armored car operations. These enhancements provide comprehensive protection and peace of mind for businesses entrusted with transporting high-value goods. Key features of their superior Armored Car Insurance Program include:
- Protection for Secured Containers: Coverage extends to losses or damages affecting locked safes, vaults, cash boxes, and similar secure containers resulting from actual or attempted theft. This ensures that the security measures employed to protect assets are also insured.
- Premises Damage Coverage: In the event of a theft attempt, damages to the client’s premises or the exterior of their facilities are covered. This addresses the costs associated with repairing property damage resulting from criminal activity.
- Pollution Clean-Up Provision: Recognizing the potential for environmental hazards, the policy includes up to $10,000 for pollution clean-up. This coverage applies if a vehicle involved in a theft incident spills pollutants like gas or oil. Furthermore, clients have an extended reporting window of 90 days post-policy expiration to report such incidents.
- Prior Policy Period Loss Coverage: Great American stands behind its clients by offering coverage for losses that might have occurred under a previous policy but were reported after the claim filing deadline. As long as the loss would be covered under the current policy, it will be honored, providing continuous protection.
- Extended Proof of Loss Filing Time: Unlike many standard armored car policies that limit the proof of loss filing timeframe to 60 days, Great American provides a more generous 120-day window. This offers clients more time to thoroughly document and submit their claims.
- Inclusion of Temporary Employees: Recognizing the flexible staffing needs of the industry, temporary employees are explicitly included within the definition of “employee” under the policy. This ensures comprehensive workforce coverage.
- Absence of Restrictive Warranties: Great American’s standard policy form is designed to be client-friendly, omitting standard warranties that could potentially void coverage. This commitment to clear and straightforward terms enhances the reliability of the insurance protection.
Secure Cash & Transport Association (SCTA) Affiliation
Great American’s commitment to the armored car industry is further underscored by its long-standing involvement with the Secure Cash & Transport Association (SCTA). As a founding member and current board member, Great American actively contributes to the development of best practices and security standards within the sector. This affiliation demonstrates their deep understanding of the industry’s needs and their dedication to providing tailored and effective insurance solutions.
For businesses seeking robust and reliable protection for their high-value asset transportation operations, Great American’s armored car insurance program offers a comprehensive suite of benefits and a partnership with a trusted industry leader.
