Cash-In-Transit (CIT) Insurance in South Africa

The handling and/or transporting of cash and valuables, need comprehensive Cash-In-Transit (CIT) Insurance cover to protect against the many perils of operating in such a high-risk environment.

Cash-in-Transit Insurance may include Personal Assault cover
Cash-in-Transit Insurance may include Personal Assault cover
Need Cash-in-Transit Insurance Assistance

Cash-In-Transit (CIT) Insurance provides peace of mind for professionals in the business of frequently transporting cash, whilst in transit from one destination to another.

The typical Cash-In-Transit (CIT) Insurance policy would grant cover for loss of business money on the business premises, or being carried by the insured, or its employees. Some of these insurance policies may also include personal accident cover. It may even grant cover for small amounts of cash at home of directors, or of the employees, as well as during or after hours working hours.

The insurance of cash in transit risks can only be undertaken with specialist knowledge, as the transport of cash is a complicated risk and very high values are involved. It needs to be insured in a way that covers all eventuality.

This is a specialist niche area and the various options may be confusing...

In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!

Also, note the following guidelines and considerations applicable to Cash-In-Transit Insurance:
  • Cash-In-Transit (CIT) Insurance provides essential protection of financial assets;
  • This insurance provides cover for employees and others who transport monies;
  • Cash-In-Transit (CIT) Insurance gives you peace of mind security, as well as minimizes a disruption in your business;
  • Cash-In-Transit (CIT) Insurance may cover exclusions from other fire insurance policies;
  • Some policies provide Personal Assault cover;
  • Cash-In-Transit (CIT) Insurance may include personal and safe damages;
  • Cash-In-Transit (CIT) Insurance may also provide cover for money in safety deposit boxes;
  • Theft from unattended vehicles may not be covered – unless accompanied by forcible and violent entry.
  • Territorial limits might be applicable - refer to your policy conditions.
Cash-in-Transit Insurance provides essential cover of financial assets
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