There are in addition many supporting policies designed to insure more specific threats and exposures or specialist policies such as stockbrokers in and out policies, safe deposit box legal liability insurance and the like.
We work in partnership with brokers in both the development of innovative solutions to risk protection for clients with good risk management and a belief in working in partnership with their insurers. The basic tenet of our underwriting is that we will focus on insuring fortuitous loss; insuring the unexpected rather than the routine attritional loss.
The Bankers Blanket Bond & Stockbrokers Blanket Bond under their Employee Dishonesty Insuring Clause limits employee theft to loans and trading scenarios where committed for an improper personnel gain or financial benefit. Losses that involve hidden / concealed trades where the intent was not to steal but to reduce a trading loss are not covered by a conventional bankers blanket bond. The Unauthorised Trading product was designed to cover such events.
We will consider both stand alone and combined Unauthorised Trading policies on the same basis as our Comprehensive Crime and Professional Indemnity book.