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Financial Institution Bonds

Comprehensive coverage for the digital age

Chubb’s suite of Financial Institution Bonds has been designed to provide financial fidelity insurance solutions that complement a financial institution’s management and professional liability program.

Operational risks and regulatory and compliance needs look different than they did a decade ago; compliance and fiduciary risks for safeguarding customer and firm funds from hackers and criminals have never been more pronounced. And social engineering of employees, as well as the impersonation of customers, vendors, and executives, are not only commonplace, but such scams have become increasingly complex.

Chubb’s Financial Institution Bonds provide insurance for:

  • Asset Managers
  • Banks
  • Insurance Companies
  • Broker-Dealers
  • Fiduciaries of ERISA Plans
  • Investment Companies

Financial Institution Bonds

Asset Managers

Chubb’s Asset Manager Bond can cover a wide range of perils caused by both employees and third parties, and provides a unique, cost-effective insurance solution to give asset managers peace of mind. The bond addresses risk such as theft of customers’ capital by dishonest employees, and loss caused by dishonest partners and outside private fund administrators.

Target Classes:

  • Registered Investment Advisers, including:
    • Dual-Registered Advisers
    • Advisers to Mutual Funds
  • Private Equity Firms
  • Venture Capital Firms
  • Hedge Funds
  • Real Estate Funds
  • Family Offices

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Chubb’s Bank Bond provides an updated and modernized banker’s blanket bond that keeps the 21st century financial fidelity risk concerns of banks and non-depository financial institutions at its forefront.

Target Classes:

  • Commercial Banks
  • Trust Companies
  • Finance Companies

Insurance Companies

Chubb’s Insurance Company Bond provides insurance companies with a straightforward financial fidelity insurance solution for their complex financial and regulatory risks.

Target Classes:

  • Property & Casualty insurers
  • Life, Health, and Annuities insurers
  • Reinsurers of all types


Chubb’s Broker-Dealer Bond provides fidelity bond coverage to entities registered as broker-dealers in accordance with the fidelity bonding requirements set forth under FINRA Rule 4360 of the Financial Industry Regulatory Authority.


  • No aggregate limit of liability applicable to mandated coverage
  • Ability to include optional coverages for a complete risk management program, including:
    • Computer System Fraud
    • Fraudulent Funds Transfer
    • Social Engineering Fraud

Fiduciaries of ERISA Plans

Chubb’s ERISA Bond provides coverage to insured ERISA Plans for loss resulting from fraud or dishonesty committed by a covered employee of the fiduciary, as set forth in the bonding requirements of the Employee Retirement Income Security Act of 1974 (ERISA).


  • Omnibus coverage for any pension or welfare plan sponsored by an employer that is subject to ERISA for which the policyholder acts as fiduciary
  • Limits, as required by statute, are provided per plan, with additional coverage available for additional plans the fiduciary becomes responsible for during the bond period

Investment Companies

Chubb’s ICAP Bond serves registered investment companies by providing coverage for loss resulting from larceny or embezzlement by employees as required by the Rules and Regulations of the Investment Company Act of 1940 (Rule 17g-1).


  • Coverage limits increased to the minimum required pursuant to Rule 17g-1, with no reporting requirement, due to the creation of a new investment company or an increase in the gross assets of the investment companies covered under the bond during the policy period
  • HTML conversion of the bond contract at no additional cost to facilitate electronic submission to the Securities Exchange Commission

Chubb's Asset Manager, Bank, and Insurance Company Bonds can include coverage for:

Jeff Fischer
Computer Fraud

Each bond introduces clear, concise, and modern coverage for theft of funds that results from a computer hack, including systems hosted by third-party cloud service providers.

Ben Rockwell
Customer’s Funds Transfer and Social Engineering Fraud

Coverage for loss of funds from a customer’s account arising from the impersonation of the customer.

Michelle Mclaughlin
Assured’s Funds Transfer and Social Engineering Fraud

Chubb’s customized bonds provide protection for the firm’s capital where an executive or a vendor is impersonated.

Contact Us

For more information on the Financial Institutions Bonds, contact your local agent or underwriter.

For more information on insurance for Financial Institutions, visit