Fidelity Bonds for Financial Institutions

• Employee Fidelity - covers losses resulting from dishonest and fraudulent acts committed by employees.

• On Premises Loss - covers losses from robbery, burglary, misplacement, mysterious disappearance, damage or destruction of property.

• Loss of Property in Transit - covers property stolen while in the care of a bank employee or in the custody of a transportation company.

• Forgery or Alteration - covers forgery or unauthorized changes to securities or negotiable instruments.

• Currency Coverage - covers losses due to receipt of counterfeit currency issued by any country where the institution maintains a branch office.

The financial institution bond may be expanded to include other exposures such as unauthorized trading losses and breaches of computer system security. Following are some selected policy and coverage highlights:

• Automatic Teller Machines

• Stop Payment Legal Liability

• Transit Cash Letter

• Computer System Security

• Electronic Data Processing

• One Year Policy
• Discovery Basis
• Limits of Liability Up to $35 Million

Financial Institutions including:

• Bank Holding Companies

• Commercial Banks

• Building Societies

• Insurance and Reinsurance Companies

• Stockbrokers

• Mutual Funds and Advisors

• Finance Companies

• Mortgage Companies

• Credit Unions

• Clearing Houses

• Electronic Data Processing organizations

For firms based outside of the USA and Canada, coverage may be written on a worldwide basis, including the jurisdictions of the USA and Canada. For USA and Canadian companies, coverage plans are offered for foreign operational exposures and for liabilities arising from products exported from the home country.

• Loss Control Surveys
• International Network of Claims Experts
• Tailor made policies to comply with Local Laws
• Locally admitted policies