3 ms·
Uh, literally any commercial insurance? You get categorized into a risk pool depending on whether you handle cash or not, and how much cash you store overnight.
by jbob2000 8y ago
Uh, literally any commercial insurance? You get categorized into a risk pool depending on whether you handle cash or not, and how much cash you store overnight. Google “commercial insurance”, there’s usually a section for Theft and Counterfiet of cash risk.
- dredmorbius 8y agoIf the references are so trivial to find, perhaps you might present one? I find numerous results on procedures. None obviously addressing premiums. Though the notion does seem likely. https://duckduckgo.com/?q=cash+handling+business+insurance+risk+premium https://duckduckgo.com/?q=cash+handling+business+insurance+r...
- jbob2000 8y agoI mean, it's just a basic tenant of commercial insurance. If you hold lots of cash, you are at a higher risk for theft. This is evaluated when you are in the process of acquiring commercial insurance. You basically just asked me for a reference for whether or not you get wheels when you buy a car. Of course you get wheels, you just need to work with the dealership to determine what they look like! Just to give you a reference, here's a special package Nationwide offers: https://www.nationwide.com/crime-insurance.jsp https://www.nationwide.com/crime-insurance.jsp
- dredmorbius 8y agoThanks, and to be clear, again, I'm not doubting you. I'm looking for a referenceable source. A peculiarity of mine. Taking another angle: what's your familiarity with this? Operating a small business or insurance firm yourself? Conversations?
- dredmorbius 8y agoInvestopedia's list of business mentions numerous concers. Cash handling isn't among them, though embezzlement controls are. https://www.investopedia.com/articles/financial-theory/09/risk-management-business.asp https://www.investopedia.com/articles/financial-theory/09/ri...