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Bankers Blanket Bond insurance
Banks and financial institutions are one of the most exposed group to criminal activities such as employee infidelity, fraud, theft, forgery and the result of which can be devastating. In a difficult economic environment, the additional pressures from shareholders or regulatory authorities also require more comprehensive protection of banks and financial institutions.
A solution for this can be Bankers Blanket Bond insurance which helps protect banks and financial institution against criminal actions committed by dishonest employees and/or third parties.
With support by Tokio Marine Group’s expertise and capacity in financial line insurance products, TMIV is able to offer comprehensive Bankers Blanket Bond insurance programmes to protect our clients against criminal actions committed by dishonest employees and/or third parties.
Bankers Blanket Bond insurance protects banks and financial institutions against crime-related losses resulting from:
- Employee infidelityh
- Loss of money on site or in transit
- Forgery or alteration of cheques and securities
- Counterfeit currency
- Damage to offices and content
- Legal fees
- Detailed coverage is as offered in your policy wording
Common exclusions of Bankers Blanket Bond insurance are:
- Indirect or consequential loss
- Loss by wear, tear, gradual deterioration
- War, civil commotion
- Specific exclusions are mentioned in your policy.