Posts Tagged ‘Bankers Blanket Bond’

Surety Bond Topic: Bankers Blanket Bond

Thursday, April 16th, 2009

More Current trends show a perceptible boost up in losses that arise from the fraudulent as well as criminal activities of financial institutions’ own employees and those of third parties against such financial institutions. Bankers Blanket Bond along with Electronic and Computer Crime insurance products are designed specifically for protecting against direct financial loss and are originated by criminal actions and assuage the damage of such activities that may have on the asset base of these institutions. Such events have resulted in loss of reputation or cash flow problems, either of which may have undesirable repercussions to the financial institutions in the form of loss of market share, regulator interventions or the development of a climate which encourages employee infidelity amongst others in the past. We are tied up with foremost insurance markets, and are at the front position of developing all these products for addressing both the specific needs of individual financial institutions and the continually evolving criminal environment to which financial institutions are revealed. The basic coverage also swathes cash in transit, cash on premises, securities, counterfeited currency and offices contents.