About the Service
A specialized insurance program protecting banks and financial institutions against key operational risks, including errors and omissions, cyber risks and fraudulent or dishonest acts.
Purpose of Cover
- Protection against losses arising in the course of the organization’s operations
Insured Events
- Loss of, damage to or destruction of property, valuables, cash or securities, including as a result of fraud, theft, forgery or falsification
- Losses arising from disruption to IT infrastructure
- Claims for compensation arising from errors, omissions or negligence in the provision of services
Scope of Indemnity
Includes, but is not limited to:- Direct financial losses suffered by the insured and third parties
- Legal defense, recovery, expert assessment and investigation expenses
