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Tell Me about Insurance for My Check-Cashing Business

Your check-cashing business may also be referred to as a money services business. You and others in this industry give people the opportunity to exchange their checks for the cash value.

An alternative to the related service provided by banks, your check-cashing business is a viable resource – typically open 24 hours a day - for those without bank accounts.

Obviously, your check-cashing business requires good insurance coverage.

The Importance of Check-Cashing Commercial Liability Insurance

Check-cashing business insurance offers liability protection if you are a single- service operator or a check cashing center that is a division of a different business.

Coverage shields all employees as well as the business and incorporates losses resulting from the following exposures:

  • Employee dishonesty

  • Incidents occurring in the interior or exterior of the business premises

  • Forgery

The above includes liability for bodily injury, property damage, medical payments, personal and advertising injury, damaged to premises that you lease.


For a discussion or more information on check-cashing insurance, speak to the experienced commercial insurance specialists at Prime Insurance.


PRIME Insurance is a three-generation family-run independent agency. We’re proud to partner with many of the leading underwriters – recognized companies like ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, THE HARTFORD, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!


Summary: Check-cashing services need insurance for all related liability exposure. Prime Insurance highlights the coverage in this quick read.


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