Armored trucks carry cash, checks, coins and valuables for banks, stores and ATM operators. That makes them a specialty risk: a normal truck policy will insure the vehicle, but not what is inside it. Here is the coverage an armored truck business is usually required to carry.
🛡️ Required and Expected Coverage
- Commercial auto liability: covers injuries and damage your trucks cause to others. Customers often require $1,000,000 or more.
- Physical damage: covers the armored vehicle itself, which is expensive to repair or replace.
- Specialty cargo for money and valuables: regular cargo policies exclude cash, so armored carriers buy coverage written for cash in transit and in the vault.
- Crime coverage and fidelity bonds: protect against employee theft and fraud; many contracts require them. See our bonds and permits guide.
- Workers' compensation: guards and drivers face real injury risk, and most customers require proof of coverage.
- General liability: for incidents at customer locations.
📋 What Insurers Look At
- Driver and guard background checks and training
- Vehicle security: armor rating, locks, GPS, cameras
- How much cash is on a truck at once
- Your contracts and the limits they require
Armored car coverage is written by a small group of specialty insurers. Send us your contracts and we will tell you which coverages they require and shop the auto side for you.
📞 Get a Commercial Truck Insurance Quote
Protec Consulting Group insures owner-operators and fleets in Texas and across the U.S. Get a free quote or call (469) 739-6335.
Frequently asked questions
Does regular cargo insurance cover cash in an armored truck?
Usually not. Standard motor truck cargo policies exclude money and valuables, so armored carriers buy a specialty policy written for cash in transit.
Who sets the coverage limits for an armored truck?
Mostly your customers. Banks, retailers and ATM operators write minimum limits into their contracts, and your state may also license armored car companies.