Each financial institution is exposed to the danger of criminal movement, both from inside its own particular association and from outside. Misfortunes can devastatingly affect a financial institution’s asset report. Bankers blanket gives a comprehensive solution which protects losses against conceivable dangers.
Why Bankers Blanket?
The Bankers Blanket contract comprises of various Insuring Clauses. Every provision offers assurance to a financial organization against an unmistakably characterized danger of financial loss misfortune. A financial institution may have a Bond in which all Insuring Clauses are incorporated or may choose just those that are pertinent to its business.
Insuring clauses can be as follows:
- Premises hazard - loss of property coming about because of burglary, unexplained destruction and misplacement.
- Fraudulent activities- losses supported because of the imitation or false alteration of cheques, bills of trade, drafts, acknowledgments, withdrawal orders, declarations of deposits, letters of credit and cash arrange.
- Forged securities, Counterfeit currency, Damage to offices and content - loss or damage to furniture, fittings and equipment arising from burglary, theft, hold-up and other criminal acts.