Bankers Blanket Bond insurance

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.

The Standard wordings of this product: Updating

For the Tariff of this product, it will be calculated based on the current regulations and the agreements among parties. For more details, please contact UIC’s hotline.

Insurance Coverage

Bankers Blanket Bond insurance protects banks and financial institutions against crime-related losses resulting from:
Employee infidelity
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

Main Exclusions:

Indirect or consequential loss
Loss by wear, tear, gradual deterioration
War, civil commotion
Specific exclusions are mentioned in your policy.

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