Damage to Office and Contents
A Bankers Blanket policy would cover the risk of damage caused to the premises or contents by fire, a quake or an attempted robbery. This will not only cover damage to office and contents but also that to safes, lockers and strong rooms.
Fraud and Robbery
Frauds committed by employees in stealing, forgery or computer frauds can result in financial losses. Even a customer can defraud the bank. Bankers blanket insurance policy would also cover the risk of money transit losses or a Bank robbery.
Cyber Crimes
In todays connected world, millions of transactions are facilitated every day using data connections and Networks which can be manipulated. Third parties can misuse the systems and networks to steal money which needs to be covered.
Professional Liability
The business of banking continuously provides advise to customers. Anything can go wrong on Investment advise on asset management, mortgages, stock market bets and corporate finance with enormous financial consequences.
Damage and Losses to ATM
One of the most common and easy crimes committed against the Banking business is an robbery at an ATM. Such attempts apart from causing money loss also result in damages to ATM which need to be protected by suitable cover.
Counterfeit & Alterations Losses
Banks are susceptible to no fault losses sustained due to the forgery or fraudulent alteration of cheques, certificates of deposit, letters of credit, money orders etc. Even losses from acceptance of counterfeit notes can be covered.
