Goldstar Insrance Co. Ltd

Drop us a line

+256 41 4250110

Make a call

en English

What is Bankers’ Blanket Bond Insurance?

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.

At Goldstar Insurance Company we specialize 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.

The Bankers Blanket Bond product consists of a number of sections known as Insuring 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.
  • Money Laundering Exclusion
  • War & Terrorism Exclusion
  • Commissions & Bribes Exclusion
  • Fines & Penalties Exclusion
  • Pending & Prior Litigation is Excluded

Political Violence and Terrorism: Cover against political violence and terrorism

Bankers’ Blanket Bond Insurance

Other types of insurance cover

Travel Insurance

Travel Insurance

In an ideal world, planes are on time, luggage arrives safely, traffic flows smoothly and the weather is perfect.

Motor Cycle insurance

Motor Cycle Insurance

We offer a range of options on Comprehensive Private Motor Cycle insurance so you can customize it to your individual needs.

Bonds Insurance

Bonds Insurance

Here an insurance company guarantees the principle payments of interest in the event of a payment default by the assured.


You will need contents insurance, sometimes known as all risk cover, for items for which you require cover out with the home. Please provide details of these items at the time of quotation to ensure that the policy provided meets with your requirements.

Accidental Damage cover provides protection against costs incurred through damage that you, your family members or visitors may cause to the structure of your Building or to your Contents. Examples of incidents which would be covered under this extension include putting your foot through the loft floor damaging the ceiling below, leaving a tap running leading to water damage or carpet spillages. Such incidents would not be included under a policy taken out to cover Standard Perils only.

Additional charges will apply and in certain circumstances this cover might not be available.

Items kept in the garage or garden sheds will be covered under the Contents section of your policy provided you have included their value in the total sum insured declared. Limits may apply to the amount that can be claimed for theft of items taken from outbuildings and additional charges may be made for certain items such as ride on mowers. Cover for motor vehicles and motorcycles is excluded. Please declare your requirements for cover kept in outbuildings at the time of quotation to ensure that the policy provided meets with your requirements.

In most cases you will need to arrange cover for your own contents and personal possessions. Please refer to your tenancy agreement to check what, if any cover is provided by your landlord.

An excess is the amount a policyholder is required to pay towards the cost of any claim. You may be asked to pay this amount to a company that has carried out repairs on behalf of your insurer, or alternatively the sum will be deducted from any settlement received.


Goldstar claim process

No matter what your worry is, we’re here to help explain the process, assess your claim fairly and minimize the disruption to you with a transparent claims 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.

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