We can arrange wide-ranging cover against crime and liability for financial institutions excluding banks, but including stockbrokers, insurance brokers and hedge fund managers.

Cover is provided for:

• The dishonest acts of employees
• Loss of money and or securities on the institution's premises or in transit
• Fraud losses resulting from fraudulently altered or counterfeited valuable documents (including cheques, mortgage related documents and securities)
• Electronic crime including computer fraud or virus damage
• Civil liability and defense costs stemming from a wrongful act which gives rise to a legal obligation to a third party

The following information is required (per territory to be covered) when assessing potential risks:

• A five year claims history
• Details of the financial institution's activities (including percentage split of revenue by activity)
• Annual Reports and Accounts
• The extent of cover required (including that for subsidiaries) ie. sums to be insured
• The number of employees with financially related duties
• The number of premises to be covered
• The number and frequency of internal audits carried out