Bankers blanket bond

What is Bankers’ Blanket Bond Insurance?

The Risk

Every financial institution is exposed to the risk of criminal activity, both from within its own organization and from outside. Losses can have a devastating impact on a financial institution’s balance sheet.

The Solution

At Goldstar Insurance Company we specialise in offering financial institutions high levels of insurance protection against the effects of potentially catastrophic criminal loss; specifically for the risks of Employee Dishonesty, Forgery, Cyber Liability and Computer Crime.

What is covered under the Bankers’ Blanket Bond Insurance?

The Bankers Blanket Bond product consists of a number of sections known asInsuring Clauses. Each clause offers protection to a financial institution against a clearly defined risk of financial loss.

A financial institution may have a Bond in which all Insuring Clauses are included or may select only those that are relevant to its business.

Goldstar Insurance Company has extensive experience in tailoring such coverage to meet the exact needs of clients.

Insuring clauses are as follows:

  • Dishonesty of employees – financial loss due to dishonest or fraudulent acts of employees.
  • Counterfeit currency – losses sustained from the acceptance in good faith of counterfeit notes or coins at the Insured’s premises.
  • Premises risk – loss of property resulting from theft, unexplained disappearance, damage, destruction or misplacement.
  • Transit – loss or damage to property whilst in transit anywhere in the world in the custody of employees and including transits carried out by courier service or by registered post.
  • Forged cheques – loss sustained due to the forgery or fraudulent alteration of cheques, bills of exchange, drafts, acceptances, withdrawal orders, certificates of deposit, letters of credit and money order.
  • Forged securities – loss sustained by an organisation due to its having acted upon other types of securities or documents, which are not otherwise insured, under the forged cheques section.
  • Damage to offices and content – loss or damage to furniture, fittings and equipment arising from burglary, theft, hold-up and other criminal acts.

Goldstar claim process

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explain the process, assess your claim fairly
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Claim process

How to make a claim

We have a number of options to help you make a 
claim quickly and effectively. Contact our dedicated claims team for advice on
an incident/claim.
Read more

Why choose us ?

Goldstar Insurance was IFM’s Best Insurance
Company in Uganda (2015) and has over
 the years consistently maintained a Global A+ Credit Rating
Read more

INSURANCE POLICY

FAQ's
  • Cover includes comprehensive car insurance (if your car is stolen, damaged by fire or during an accident)
  • Third Party Liability (if other people claim against you for injury or damage to their car or property)
  • Personal Accident cover for the driver offering a compensation of Amount in the event of death/permanent total disablement arising from accident
Roadside Assistance
  • On road repair for minor breakdowns and Lock out or lost key assistance
  • Towing your car to the nearest garage and Emergency fuel assistance
  • Facilitating in change of flat tyre
FAQ's
  • Cover includes comprehensive car insurance (if your car is stolen, damaged by fire or during an accident)
  • Third Party Liability (if other people claim against you for injury or damage to their car or property)
  • Personal Accident cover for the driver offering a compensation of Amount in the event of death/permanent total disablement arising from accident
Roadside Assistance
  • On road repair for minor breakdowns and Lock out or lost key assistance
  • Towing your car to the nearest garage and Emergency fuel assistance
  • Facilitating in change of flat tyre
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