Banks are one of the cornerstones of any country’s financial system, and ensuring their uninterrupted operation is an objective necessity.

SIL Insurance offers the following coverage options under its Banking Risk Insurance program:

• Bankers blanket bond insurance
• Electronic and computer crime Insurance
• Professional liability Insurance

Bankers Blanket Bond Insurance Coverage

This type of insurance may include protection against the following risks:

• Employee dishonesty or fraud
• Damage to or loss of property and premises
• Risks associated with the transportation of cash or valuables
• Losses related to forged checks
• Consequences of circulating counterfeit securities
• Losses caused by the use of counterfeit foreign currency
• Damage to office premises and their contents

Electronic and Computer Crime Insurance Coverage

This coverage is designed to protect organizations from risks arising in the digital environment and may include:

• Crimes affecting computer systems
• Damage to or disruption of electronic software
• Loss or breach of electronic data and assets
• Damages caused by computer viruses
• Fraud conducted via electronic or fax communications
• Risks associated with electronic fund transfers
• Use of counterfeit or unauthorized electronic securities
• Incorrect or unauthorized actions executed via voice instructions

Professional Liability Insurance

This insurance serves as protection for the bank and its employees against financial losses caused by professional mistakes, omissions, or negligence. It helps maintain trust and safeguard the bank’s reputation from legal and financial consequences.