Financial Institutions Bond Insurance | Chubb
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Financial Institutions Bond Insurance
What it covers
- Loss caused by dishonest or fraudulent acts by an employee
- Premises loss due to the theft, disappearance, misplacement, damage or destruction of property from the financial institution
- Transit loss of property from any cause while in transit by a messenger of the financial institution or in an armoured motor vehicle
- Forgery or fraudulent alteration loss as a result of forged or fraudulently altered cheques, bills of exchange, bankers drafts, bankers acceptances, certificates of deposit, withdrawal receipts or promissory notes
- Forged securities loss due to reliance on securities or similar written instruments that were forged, fraudulently altered, lost or stolen
- Counterfeit currency loss due to reliance on any counterfeit paper currency or coin issues
Benefits
Chubb Financial Institutions Bond Insurance provides financial institutions with extensive worldwide cover for a vast range of physical and financial losses involving employees and third parties.
It also provides cover for losses involving computer systems, voice-initiated funds transfers and facsimile instructions.