i ran a small business i currently have & own atm machines that i load myself <with my own cash is there any way to insure the $ carry
Total Comments: 2
Posted: Tue Apr 17, 2012 06:44 am Post Subject: Cash coverage for ATM business
Business insurance will provide you the necessary coverage. The cash for the ATM s will be regarded as business assets. However, before buying a business insurance policy, look out for the terms and conditions that go along with it.
Posted: Sat Apr 21, 2012 11:19 pm Post Subject:
i load myself with my own cash is there any way to insure the $ carry
You had better discuss this with your agent or insurance company. The loss of cash is generally very limited because there are few controls in place. How do you establish that you had $X,XX at any particular point in time?
There are too many opportunities for fraud when it comes to cash, and large claims are always suspect. Get this matter out into the open, and determine what controls the insurance company needs to see to document the amount of cash you could claim a loss for at any one time.
Posted: Tue Apr 17, 2012 06:44 am Post Subject: Cash coverage for ATM business
Business insurance will provide you the necessary coverage. The cash for the ATM s will be regarded as business assets. However, before buying a business insurance policy, look out for the terms and conditions that go along with it.
Posted: Sat Apr 21, 2012 11:19 pm Post Subject:
i load myself with my own cash is there any way to insure the $ carry
You had better discuss this with your agent or insurance company. The loss of cash is generally very limited because there are few controls in place. How do you establish that you had $X,XX at any particular point in time?
There are too many opportunities for fraud when it comes to cash, and large claims are always suspect. Get this matter out into the open, and determine what controls the insurance company needs to see to document the amount of cash you could claim a loss for at any one time.
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