Protecting Your Financial Institution Against Risks
People expect banks to protect their money. And for the most part, financial institutions are considered safe. But when employees handle large amounts of money, mistakes can occur. Allegations of mishandling can happen. At a bank in Enid, Oklahoma, just recently, a banker used his position as a loan officer to make fraudulent loans. (He was arrested and charged with multiple felonies.) Although bankers professional liability insurance won’t cover fraud, it’s an important part of your insurance portfolio. Benefits of…
