Banker Blanket Bond & Computer Crime Insurance

Banker Blanket Bond Insurance is a specialized policy designed to protect banks and financial institutions against losses due to a wide range of criminal activities. It covers both internal and external threats, ensuring that your institution is protected from losses due to employee dishonesty, theft, forgery, fraud, and more. This insurance is critical for financial institutions as it mitigates the risk of financial loss resulting from both employees and third-party actions.
Computer Crime Insurance provides protection against financial losses and damages resulting from various types of cybercrime. It is designed to cover risks associated with electronic theft, fraud, and other criminal activities impacting a company’s computer systems and data.

Who Needs Banker Blanket Bond Insurance?

  • Banks and credit unions
  • Investment firms and brokerage houses
  • Mortgage lenders
  • Trust companies
  • Any financial institution handling large sums of money

Who Needs Computer Crime Insurance?

  • Small and Medium-Sized Enterprises (SMEs)
  • Large Corporations
  • Financial Institutions
  • E-Commerce Businesses
  • Healthcare Providers
  • Technology Companies
  • Government Agencies

What 's important for Banker Blanket Bond & Computer Crime Insurance?

  • Mitigates Financial Losses
  • Enhance Risk Management
  • Compliance and Trust

What does Banker Blanket Bond NOT cover?

  • Regulatory Fines and Penalties
  • Business Interruption Losses
  • Losses from Pre-Existing Conditions
  • Third-Party Claims
  • War, Terrorism, and Political Risks

What does Computer Crime Insurance NOT cover?

  • Regulatory Fines and Penalties
  • Insider Fraud or Misconduct
  • Operational Failures
  • Third-Party Claims
  • Acts of War and Terrorism

What does Banker Blanket Bond Insurance cover?

Employee Dishonesty

Covers financial losses resulting from fraudulent or dishonest acts committed by employees, such as embezzlement, theft, or unauthorized transactions.

Forgery and Alteration

Protects against losses due to forged or altered documents, such as checks, promissory notes, and other financial instruments.

Robbery and Burglary

Provides coverage for theft of cash, securities, and other valuables from the institution’s premises, including physical robbery and burglary.

Securities Fraud

Covers losses resulting from unauthorized or fraudulent trading of securities, including manipulation or forgery of securities documents.

Legal Expenses

Covers legal costs associated with defending against claims related to covered events, such as employee dishonesty or securities fraud.

Errors and Omissions

Some policies may include protection against losses resulting from errors or omissions in the institution’s operations or services.

What does Computer Crime Insurance Cover?

Fraudulent Transfers

Protection against losses from fraudulent instructions to transfer funds, including wire transfers.

Cyber Extortion

Coverage for ransom payments and expenses incurred in response to ransomware attacks or extortion demands.

Theft of Data

Reimbursement for costs related to data breaches and theft of electronic data, including notification and credit monitoring.

Reputational Damage

Costs associated with managing and mitigating reputational harm following a cyber attack.

Business Interruption

Compensation for lost income and additional expenses due to disruptions from cyber incidents.

Software Malfunctions

Coverage for losses resulting from malicious software like viruses or malware that disrupts operations.

Why choose Us !?

Experienced

All of our staffs have up to 15 years of experience in the industry, offering competitive quotes and professional advices that best fit your personal and business needs.

Reliable

We have built good relationship with reputable and reliable insurers to provide you with the best quotation for you and your business needs.

Unique

Other than offering insurance products, we also provide services in re-financing and financing your newly purchased personal and commercial vehicle.