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Bankers
Blanket Insurance
This policy
intended for banks and other financial institutions provides
a blanket cover and thereby safeguards
them by providing compensation for losses arising from the
following risks:
-
Infidelity of employees
- Loss
of property on premises
- Loss
(of money and other valuables) whilst in transit
-
Forgery or fraudulent alteration of checks, bills,
drafts, money orders etc.
- Losses
incurred by the Assured in the ordinary course of
business whilst dealing with securities such share
certificates, stocks, bonds, debentures, promissory
notes, deeds, mortgages, certificates of deposits,
letters of credits etc.
- Loss
incurred by the Assured due to receipt in good faith of
any counterfeited or altered paper currency
- Loss
of or damage to offices and contents, which includes but
is not limited to furnishings, fixtures, equipment,
stationary etc.
- Loss
or damage to ATM’s and cash in the ATM’s
The cover can be extended to include
the following:-
-
Bankers Professional Indemnity to provide indemnity to
the Assured in respect of the bank's legal liability to
third parties arising out of any negligent act, error or
omission whilst performing their professional duties as
a banker
- To
covers loss arising out of electronic and computer
crime.
-
Computer Crime Insurance to cover loss arising out of
electronic and computer crime.
Specific
proposal forms are available for the basic bankers blanket
insurance as well as for the above-mentioned extensions. On
receipt of the duly completed proposal forms, the Insurers
will decide on competitive terms.
Here you will
be able to seek information and request
quotation on line |
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