Check counter

Check Cashers Insurance

Our Specialty Risks Division has you covered.

As a check cashing business you provide services that require unique coverage.

Start a Conversation

Writing check

Protecting the money handling industry.

Our programs are designed to meet the needs and exposures of the check cashing industry. Some of the coverage available includes:

  • Employee Dishonesty Coverage: Covers direct loss caused by a dishonest employee of your operation.
  • On Premises Coverage: Covers direct loss of covered property as a result of robbery, safe burglary, theft, damage or destruction while on your premises.
  • In Transit Coverage: Covers direct loss resulting from robbery, or theft of covered property while being transported by you, your employee or a carrier for hire.
  • Forgery or Alteration: Meets the statutory requirements for coverage on losses due to the acceptance of forged checks, drafts or travelers checks.
  • Extortion / Kidnap Ransom: Covers the surrender of covered property away from the premise of the insured as a result of a threat communicated to the insured to do bodily harm to an officer, employee or family member of the insured who is being held captive.

Let’s have a conversation.

We understand the check cashing industry and the need for flexibility in your coverage options and costs. Recognizing these factors and by having a conversation with you, we can come up with solutions uniquely suited to the way you operate.

For example, you may have the ability to purchase increased limits for your busiest times such as Fridays, 1st part of the month, tax season, or other periods.

Check casher window

Surety Bonds

Check cashers are an integral part of the communities they serve, by supplying additional services which extend far beyond that of cashing a check. Because of this, we have fostered a variety of surety bond services for our clients. We can offer bonds that range from $1,000 to over $2,000,000 in value. Surety bonds are becoming an important factor to the check cashing industry as it grows and becomes more diversified.

Some of the additional services that require bonds are:

  • Utility payment collections
  • Motor vehicle registrations
  • Sale of money orders
  • Payroll distribution contracts
  • Collection of local taxes
  • Direct Deposit programs
  • Forgery bonds
  • License bonds
  • Lottery bonds
  • Notary bonds

To learn more about how Marshall & Sterling can help businesses in the check cashing industry, reach out to a member of our Specialty Risks Division today!

Start a Conversation
Tips from Experts
Tips from our experts
Media Name: workplace-discussion.jpg
Plan Ahead for Security & Disaster Readiness

Preparing for disasters and other unforeseen threats is an important part of preparing your business for longevity today. 

Media Name: office-620823_1280.jpg
Staying Safe When Working Alone

Across all industries, certain employees may be required to work alone. Whether it’s due to staff shortages, late-night shifts or the nature of the job itself, those who work alone tend to be more vulnerable.

Media Name: russia-95311_1920.jpg
The Benefits of Crime Insurance

As a leader within your organization, you want to trust your employees and the people you do business with. However, the reality is that no business is immune to the threat of crime and fraud.