Banker’s Blanket Bond (BBB)
If you are a Bank, financial institute, investment manager or a Money Exchange House, this is the correct insurance policy for you. It is specifically designed to cover risks associated these business segments.
Bankers Blanket Bond (BBB) is a packaged policy providing comprehensive cover to banks, exchange houses and other similar financial institution.
The cover under the BBB policy will generally include the following:
- Infidelity of employees
- Loss of property on premises
- Loss of money/cash, bullion, securities, documents or similar valuable assets whilst on premises or in transit
- Loss incurred by the insured due to receipt in good faith of any counterfeited or altered paper currency, forged cheques, forged securities
- Loss of or damage to office content, furniture, fixture, fittings, electronic equipment etc.
- Loss or damage to ATM’s and cash in the ATM’s
- Loss arising out of computer crimes