Fidelity’s Cash In Transit Insurance is specifically designed for institutions and businesses that regularly handle, collect, or transport cash as part of their daily operations. Whether it involves collecting payments from clients or transferring funds between locations, this policy provides essential protection against the risks associated with moving cash.
The coverage safeguards against loss of cash while in transit due to a range of incidents, including road accidents, theft, hold-ups, and certain health-related impairments that may occur during transportation. By mitigating these risks, Fidelity helps ensure business continuity and financial security throughout the cash handling process. Please note that losses resulting from the mysterious disappearance of money are excluded from this coverage.
The Cash in Safe policy offers comprehensive protection for various forms of currency and financial instruments stored securely within the insured’s premises. Coverage includes cash, coins, checks, travelers’ checks, bonds, and other monetary instruments while they are kept in a locked safe.
This policy protects against potential risks such as fire, burglary, and hold-ups, ensuring that your assets remain secure even in the face of unforeseen events. In addition to covering the contents of the safe, the policy also extends to include damage caused to the safe itself, offering complete protection and peace of mind for businesses that store valuable assets on-site.
Coverage applies whether such acts are committed by an individual employee or through collusion with others. By offering this safeguard, Fidelity helps businesses protect their financial integrity, maintain operational confidence, and reinforce trust within their organization.