Insured organisation and people
The company, directors, officers, employees, transactions or receivables within the placement.
Decisions & balance sheet
Bankers Blanket Bond
Bring key crime and operational exposures into one financial-institution programme.
Bankers Blanket Bond addresses defined employee dishonesty, premises, transit, forgery, securities and related banking risks.
Introduction
What is Bankers Blanket Bond?
Bankers Blanket Bond is commonly considered by banks and regulated financial institutions with complex operational and crime exposures. It can address defined employee dishonesty, premises, transit, forgery, securities and related banking risks.
What it protects
What can the policy protect?
The scope of Bankers Blanket Bond should clearly define the insured interests and the protection required.
Defined financial events
The wrongful act, default, fraud, cyber incident or other event the cover is intended to address.
Response and defence costs
Investigation, legal, forensic, recovery or crisis costs where the policy provides for them.
Limits and time periods
Limits, retentions, discovery dates, notification requirements and the period of insurance.
Common events
What types of loss can be covered?
The examples alongside help test the proposed programme against realistic situations. They guide the conversation but do not represent automatic cover.
Employee dishonesty
A fraudulent or dishonest act by an employee causes the financial institution a direct financial loss.
Robbery or burglary
Cash, securities or other valuables are stolen from the institution’s premises or secure storage.
Forgery or unauthorised alteration
Forged documents, cheques or unauthorised alterations result in a financial loss.
Cash in transit
Funds are lost or stolen while being transported between approved locations.
Programme context
Where this cover fits
Industry applications
The role of the cover should reflect the operation, contractual responsibilities and potential severity of loss.
Independent financial lines review
Review Bankers Blanket Bond with Talisman.
Share your current wording, renewal terms or information about the requirement. We will help identify the practical next step.
Illustrative information only. Coverage, availability, limits and terms depend on the risk profile, insurer approval and final policy wording.