FGIB:Securing a Bankers Blanket Bond for Financial Services Clients

Bankers Blanket Bond insurance provides financial institutions with protection against direct financial loss sustained as a result of criminal activity. The professionals at Financial Guaranty Insurance Brokers (FGIB) can provide you with the proper Bankers Blanket Bond coverage you need to safeguard your operation.

Risks Covered

  • Losses caused through dishonesty of the employees
  • Loss or damage of/to property in the premises
  • Loss in transit, including theft or physical destruction of property during transportation
  • Losses caused by forged checks
  • Losses caused by forgery of securities and similar instruments
  • Damage sustained by the financial institution in its ordinary course of business related to transactions (operations) with securities and similar instruments
  • Losses arising out of counterfeit currency
  • Damage caused to property in the premises of the insured financial institution as a result of unlawful acts performed by third parties

Who Should Consider Buying this Insurance?

Any organization involved in the provision of financial services to third parties needs to consider Bankers Blanket Bond insurance. This includes all financial institutions, investment managers and investment funds.