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A Bankers Blanket Bond (BBB)Insurance is a specifically tailored policy to cater to financial institutions like banks, money exchanges and investment firms. Every financial institution is exposed to the risk of criminal activity, both from within its own organization and from outside including cyber crime. Such losses can have a serious impact on the institution’s finances. The BBB product consists of a number of sections known as Insuring Clauses. Each clause offers protection to the financial institution against a clearly defined risk of financial loss. The financial institution may have a Bond in which all Insuring Clauses are included or may select only those that are relevant to its business.

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