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Bankers Blanket Bond

Bankers Blanket Bond refers to an insurance policy which safeguards banks from financial loss resulting from employee fraud and dishonesty. In addition, One Broker also provides risk management support services to help you prevent financial crime within your organization.

Bankers Blanket Bond is a type of fidelity bond created to protect against criminal acts, such as check fraud, forgery or cyber fraud. Depending on the specific risks of your bank, One Broker will help you determine the coverage you need and provide an insurance policy to suit your requirements and fully protect you.

 

The available coverage options include:

  • Full or partial coverage

  • Variable limit of liability

  • Variable deductible

A comprehensive bankers blanket bond provides protection against the following:      

  1. Employee fraud or dishonesty – covers the financial damage caused by criminal acts of one or more of the bank’s employees;

  2. Cyber and computer crime – includes coverage for losses arising from criminal activities carried out using computer or the internet, by employees or outsiders;

  3. Bank robbery – refers to robbery committed by employees or other persons; 

  4. Premises – provides coverage for loss or damage to the bank’s property, resulting from theft, destructions or misplacement;

  5. Offices and content – covers damage to furniture, fixed assets and equipment caused in a burglary or theft;

  6. Transit – provides global coverage for loss or damage to property while in-transit to and from premises;

  7. Forged checks – covers losses resulting from forgery or alteration of cheques, acceptances, withdrawal orders, bills of exchange, certificates of deposit, letters of credit and money orders;

  8. Forged securities – covers securities of the insured, such as stock, certificates, bonds;

  9. Counterfeit currency – financial losses resulting from counterfeit currency (notes or coins) accepted in good faith at your premises.

One Broker is committed to deliver the most cost-effective and suitable insurance solution for your institution. For the cyber cover component, we are connected with specialized insurance providers who have deep knowledge and experience in the cybersecurity field.

Contact us for more details regarding the bankers blanket bond and the benefits of working with us.