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Banker’s blanket

Banker’s Blanket Insurance comprises a number of insuring clauses which can be availed of in whole, or be tailor-made to fit every customer’s specific needs including:

  • Infidelity of Employees: Provides coverage for any loss due to misappropriation or embezzlement by the Insured's employee.
  • On premises: Provides coverage for loss and/or damage to the Insured's property due to various perils including fire while inside the premises where the Insured or others carry out business (which should be clearly defined when opting for this clause).
  • In-transit: Provides coverage for loss and/or damage to the Insured's property while in-transit to and from premises along the defined geographical area.
  • Forgery and Alteration: Provides coverage for loss caused due to forgery or alteration (The expression forgery means the forging or fraudulent alteration of any document or the usage of any forged or fraudulently altered documents by the employee whereby he obtains possession of money or goods).
  • Securities: Covers securities of the Insured (stocks, certificates, bonds and other government guaranteed authority stocks etc) while in his or others’ premises due to loss and/or damage resulting from named calamities.
  • Counterfeit Currency: Provides coverage for loss resulting in the acceptance of counterfeit currency by the teller or other charged employee of the Insured, provided normal and standard procedures and precautions are fully exercised.
  • Office and Contents: Provides coverage for loss and/or damage caused by fire and other perils to the office and contents of the Insured's premises which should specifically be named while opting for this coverage
  • The rate chargeable is always applied on basis on the Total Sum Insured and is dependent on the scope and extent of cover opted for, security measures and housekeeping among others. Please check the Deductibles and conditions applicable to this policy.