Dishonest/Fraudulent acts of employee(s) / Infidelity

BB insurance covarage is in respect of the losses sustained due to the dishonest or fraudulent acts of the Insured’s employees.Losses sustained under this category of coverage do not distinguish between any particular job position, level or terriory and has tradiionally been the single largest area of lossesincurred by financial institutions.In some extreme cases these types of losses have forced institutions into liquidation.

Whilst the sandar Banker’s Blanket Band policy has provision fort he dishonest and/or fradulent act of employees(i.e. breaching traiding guideliner on foreign exchange transactions.Actions involving the infidelity of employees shall be covered only when the involve ‘improper personal financial gain’

Other clauses of the policy ;

* On permises

* In transit,

* Forgery/Counterfeit Securities,

* Counterfeit wirency

* Damage o offices and contents