Commercial General Liability (CGL) class code 91160 is for Armored Car Service Companies. This code covers businesses that transport money and valuables in armored cars. The code includes the following activities:
- Transporting money and valuables in armored cars
- Providing security for money and valuables
- Providing consulting services on armored car transportation
CGL insurance provides coverage for bodily injury, property damage, and advertising injury claims arising out of the insured's business activities. Class code 91160 is a general liability code, so it does not cover all of the risks associated with transporting money and valuables in armored cars. For example, this code does not cover the following risks:
- Theft of money or valuables
- Damage to money or valuables
- Bodily injury or property damage caused by accidents involving armored cars
- Bodily injury or property damage caused by the use of force to protect money or valuables
Businesses that transport money and valuables in armored cars should carefully consider their insurance needs and purchase an appropriate policy. Here are some of the things to consider when purchasing CGL insurance for an armored car company:
- The amount of money and valuables the company transports
- The types of armored cars the company uses
- The locations where the company transports money and valuables
- The company's safety record
- The company's financial stability
By carefully considering these factors, businesses in the armored car industry can purchase CGL insurance that meets their needs and provides the protection they need.