Comprehensive Bank Insurance
This policy is a package of various insurance coverages designed for banks and large financial institutions. It compensates the insured for financial losses that may occur, such as cash transportation, property transfer, damage to contents and assets, employee dishonesty, forgery, bond coverage, currency counterfeiting, currency coverage, and coverage for contents, furnishings, equipment, and machinery.
It also provides comprehensive coverage for banking operations, offering protection against general risks, including but not limited to: employee credit fraud, loss of funds whether within the insured’s premises or during transportation, loss of office contents, losses resulting from forgery, cybercrimes, professional liability, and directors’ and officers’ liability.
- This insurance covers the loss of funds if the loss occurs and is discovered during the insurance period, whether during transportation between the insured’s premises and the bank (and vice versa), or while stored in a safe within the insured’s building.
- It also covers material losses, goods, and funds resulting from employee dishonesty or fraud committed by the insured’s employees.
- Comprehensive coverage is provided for banking operations, offering protection against general risks, including but not limited to: employee dishonesty, loss of funds whether within the insured’s premises or during transportation, loss of office contents, losses due to forgery, cybercrimes, professional liability, and directors’ and officers’ liability — all in accordance with the Bankers Blanket Bond (BBB) insurance policy.