Cash-In-Transit (CIT)

Lowers & Associates has offered CIT Risk Management
for more than 30 years.

Since 1980, the staff at Lowers & Associates (L&A) has been involved in the evaluation of, and consultation with, armored car companies around the world.

These evaluations have been on behalf of insurers as well as the owners of armored car companies. L&A has earned world-wide acknowledgment of the leadership role it provides in this critical area of the financial services market.

Our risk mitigation programs for the armored car industry center around three separate, but inter-connected programs:

  • Risk assessment of an armored car company’s operations.  This evaluation focuses on adherence to industry best practices as well as the risk associated with the unique operations particular to the company.  It requires an in-depth examination of the company and its street operations.  In addition, the evaluation would be accompanied by recommendations to mitigate the identified risks.
  • Assessment of compliance with an armored car company’s existing corporate policies.  Typically, the assessment incorporates covert video surveillance of street operations as part of the compliance review.  The assessment can also provide another critical service; L&A can independently audit cash vaults to ensure correct balances and strict adherence to internal controls.  We often provide this type of assessment for companies that already have a proven and aggressive risk mitigation program in place and would like to have an independent, outside evaluation of compliance within its policies.
  • Consultation with armored car companies in the development of effective policies, operational procedures, and managerial strategies and tactics.  Consultations of this nature are grounded in our extensive, multi-national experience in serving the armored car industry.

Through partnership with Lowers & Associates, armored car companies around the world have been able to reduce losses, well beyond the direct costs of implementing the necessary risk mitigation programs.