- Cash in Transit/Retention -

Cash in Transit - Cash Retention Proposal Form

PROPOSAL FORM

The completion of this form is to enable Action Insurance Brokers to establish the nature of the proposers operations, the extent of cover required, the conditions that are in existence and the rules and the procedures which will apply during the currency of the proposed insurance. The completion and/or signing of this form does not bind the proposer or the insurance company to the making of a contract of insurance. However, should such a contract be made then the information contained herein shall constitute a part of that contract. Alterations and/or variations of any of the answers given to any of the questions in this proposal form can only be made with the prior advice to, and the approval of Action Insurance Brokers.

SECTION A : GENERAL INFORMATION

Full Name(s) to be Insured

Company Name

Tax Status

Registered Business

ABN

Contact Details

Name

Phone

Mobile

Fax

Email *

Postal Address

Postcode

State

Period of Proposed Insurance

From Date (At 4.00PM Local Time)

To Date (At 4.00PM Local Time)

1. Current Insurer/Policy

Expiry Date

Sum Insured / Limit of Indemnity

Last Year’s Premium

2. Current Insurer/Policy

Expiry Date

Sum Insured / Limit of Indemnity

Last Year’s Premium

Address(es) of branch office/depots/operating bases (Attach details if more space is required)

Upload

When was this business established?

How many years of experience in the Security Industry?

What is the company’s Master License Number

Describe all security checks undertaken for all new staff (Attach details if more space is required)

Upload

Percentage of turnover (company) per state:

NSW ( % )

QLD ( % )

VIC ( % )

ACT ( % )

SA( % )

TAS ( % )

NT ( % )

WA ( % )

Number of Fulltime employees:

Number of Principals:

Please provide details of the Professional Bodies, Industry Associations, etc. are you a member of?

SECTION B : MONEY IN TRANSIT

1. How many carries per week?

2. What will be the maximum carry? ($)

3. What is the average carry limit? ($)

4. For what transit limit (any one vehicle carry) is cover required? ($)

5. What will be the maximum pavement limit for which cover is required? ($)

6. What are the total values exposed at your premises? ($)

- a) During Business Hours (Hold-up): ($)

- b) Outside Business Hours (In locked safe/vaults): ($)

7. What was the annual aggregate carry for the past 12 months? ($)

8. What is the estimated annual aggregate carry for the next 12 months? ($)

9. Estimated annual revenue/income for the next 12 months? ($)

10. Actual annual revenue/income for the past 12 months? ($)

11. Estimated Payments to Sub-Contractors ($)

12. Actual Payments to Sub-Contractors ($)

13. How many Soft Skin vehicles are used?

14. How many Armoured vehicles are used?

Please provide details of vehicles:

Vehicle 1 : Description (make, model)

Type of Security installed

Vehicle 2 : Description (make, model)

Type of Security installed

Vehicle 3 : Description (make, model)

Type of Security installed

Vehicle 4 : Description (make, model)

Type of Security installed

SECTION C : SAFE/VAULTS/STRONGROOM

B1 : Maximum amounts to be insured at each location in:

a) Vaults/Strongroom ($)

b) Safes ($)

B2 : Detail the construction of each vault/strongroom as follows:

a) Thickness of: Walls (mm)

- Ceiling (mm)

- Floor (mm)

b) is it free standing?

c) is it attached to any other room, extension or internal wall

B3 : Make and model of vault/strongroom door

B4 : Are the safes/vault/strongroom doors fitted with time locks?

B5 : How many members of your staff have or are entrusted with keys and/or combination numbers to your vaults/strongrooms/safes?

SECTION D : ALARM SYSTEMS

C1 : Supply details of the alarm systems(s) protecting safes/vaults/strongrooms at each location requiring insurance

C2 : Is/are the alarm system(s) dependent on the public supply of electricity?

If yes, what back up system is in place?

C8 : Is there a system laid down in writing instructing staff of their duties in the event of a duress attack?

DECLARATION SECTION

1. Is there any other information which is or may be material to this proposed insurance which has not already been disclosed to Underwriters?

If yes, please give details

2. Have you, or any of your Directors, Partners, Employees, Sub-Contractors, Partnership or Company ever been charged with a criminal offence?

If yes, please provide details

3. Have you or with any other person, partnership or company ever had an insurance policy:

Cancelled

Renewal Refused

Proposal Declined

Declined a Claim

If yes to any of the above, please provide details

4. Have you ever sustained loss or damage or theft?

If Yes, please provide details

I/we hereby declare that the foregoing statements, particulars and answers are true and that I/we have not suppressed or mis-stated any material facts. I/we agree that the statements, particulars & answers contained in this proposal form shall constitute part of the proposed contract and that any alterations or variations of protection and/or safeguards procedures and/or equipment to the detriment of Underwriters shall not be made without the knowledge of Underwriters.
It is further understood and agreed that the continued accuracy of the statements, particulars and answers shall be a condition precedent to Underwriters’ liability under the proposed insurance.

I/We agree Yes No

Type the characters you see in the picture below

Form Menu

Cash in Transit - Cash Retention Proposal Form

PROPOSAL FORM

SECTION A : GENERAL INFORMATION

Tax Status

Contact Details

Period of Proposed Insurance

SECTION B : MONEY IN TRANSIT

SECTION C : SAFE/VAULTS/STRONGROOM

SECTION D : ALARM SYSTEMS

DECLARATION SECTION