Financial institutions are exposed to a great deal of risk on a daily basis. Without the proper protections, a bank can be undone by heavy losses ranging from employee theft to outside attacks to acts of nature. With Bankers blanket bond insurance you are covered against a wide range of potential sources of loss, helping to keep your bank on stable footing.
Theft Related Losses
With so much money passing through the doors every day, banks are a prime target for theft. From employees stealing cash to money lost while being transported between bank locations a BBBI policy is vital to minimizing the damage done by money loss.
Protection Against Damages
If criminals attempt to break into your bank, it’s unlikely they will do so without causing any damage to your property. Even just your every day customer or employees can accidentally damage the bank by accident. Bankers blanket bond insurance helps to make repairs manageable.
Financial institutions are exposed to many form of risk which BBBI protect against. From forged checks to counterfeit currency, if your bank is victimized by fraud, protection will get your money back.
Bankers blanket bond insurance is a must-have protection for all financial service providers. Whether you run a financial institution or provide investment management services, keep yourself covered with BBBI. A reliable policy can be the difference between business as usual and collapse when disaster strikes.