HAVING a business means having to face a number of risks that comes with the territory, and that risk is multiplied when it’s a business that deals with high valued goods like gold, large amounts of cash or even important documents.
In fact, a heist occurred in March of last year where two armed robbers nabbed RM182,000 in cash from a 55-year-old money changer operator in broad daylight.
Several months later, in September, a salesman for a gold distributor got injured when he was also robbed by a number of armed ski-masked robbers on the Besraya Highway, which also happened mid-day.
Following the incident, authorities paid more attention to establish an effective plan to prevent any similar incidences in the future.
That being said, it’s never a bad thing to take some extra safety measures when it comes to the products of your business.
Take safety into your own hands
Despite being a lucrative sector, the industry of trading high-valued goods is extremely risky. But what if the businesses itself can reduce the level of risk without the need of ‘paying a high price’, both literally and figuratively?
Making its debut into the Malaysian market, transit insurance solution Jaguar Transit allow companies that deal with high-valued goods (large amounts of cash, gold bullion, jewellery) to securely transport their products without the need to worry about the risks involved in the trade.
The company provides transit insurance for businesses transporting cash, gold and high value goods using a very innovative insurance technology (insurtech) solution by offering a comprehensive package of insurance, state-of-the-art security bags and a mobile application to enable real-time tracking of the goods.
This, in turn, greatly reduces the risk of theft or damage to the product and reduces the overall cost of distribution up to 40% at the same time.
In an exclusive interview with FocusM, Jaguar Transit’s founder and CEO Japhire Gopi stated that these services are most suitable for jewellery retailers, luxury watch dealers, gold bullion distributors, money service businesses and even government agencies that deals with highly sensitive documents.
“(Company owners) have the choice to do its own delivery with our transit insurance solution or opt for us to coordinate the deliveries with our own partner delivery companies who are users of Jaguar’s insurtech solution,” explained Japhire.
All this combined with some of the most secure bags in the market today makes Jaguar Transit one of the safest ways to move high value products without having to worry about the journey from point A to point B.
According to Japhire, the hard-case Jaguar Bags are armed with high tech features like live GPS Tracking, anti-theft intrusion materials, and IBNS (Ink Bag Neutralisation System).
Due to this, in the event that the bag is forced open, the bag’s defense system will trigger security ink to be splashed across the cash in the bag, rendering the cash unusable.
“With this bag, there is a physical deterrent between your goods and the robbers,” he added.
The bags also adopt a keyless mechanism and can only be opened using via the app if the specified security conditions are met, which also significantly reduces the risk of robberies or theft.
Rest assured, you’re insured
When it comes to the insurance policy, Jaguar Transit has you covered. With each deployment of the Jaguar Bags, real-time insurance is issued and administered.
“It is a flexible and pay-per-use insurance where premiums are determined by sum insured, trip time, distance, type of valuables, security arrangement and frequency of usage,” Japhire explained.
“Jaguar Transit will help you simplify, save time & effort on administrative work, and the claims process is also easier and faster as there are digital records of your transit journey and transaction, so you would not experience delays from lack of proper documentation,” he concluded.
