Financial Institutions Bond Insurance in Hong Kong - Chubb

Financial Institutions Bond Insurance

Financial institutions are operating in an increasingly complex environment, exposing them to the threats of fraud and losses that can impact bottom-lines. That’s why Chubb has developed a specialised fraud protection insurance policy for your business. It can help strengthen your organisation’s risk management programme for better protection against these risks.

Coverage Highlights

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 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 transfer and facsimile instructions.

The above information is intended to be a general summary for reference only and does not form part of the policy. You should refer to the policy wording for exact terms, conditions and exclusions. The above information shall not be construed as an offer to sell or solicitation to buy or provision of any of our products outside Hong Kong. For further information, please contact Chubb Insurance Hong Kong Limited on +852 3191 6800.

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Contact us to find out how we can help you get covered against potential risks