There is an obvious need for insurance of Banks and Financial Institution and the question is about what covers are required.
If you are responsible for arranging insurance for your Bank or would like to find out more information about the right coverage, then we kindly ask you to contact us.
Our team of experts will design the most suitable insurance plans to your bank's operation thereby reducing your risk exposure or financial losses.
 
What cover are available?

Below are some standard insurance policies that are available to banks, in general:
 
  1. Fire, Special Perils & Theft to cover bank's premises, contents, furniture and equipment.

  2. Property All Risks providing more cover than the above policy for bank's premises and contents.

  3. Business Interruption to cover your loss of profits resulting from partial or total temporary closure of business after an accident like Fire, Theft, Flood, etc.

  4. Cover against Political Risks such Riots, Strikes Sabotage and Terrorism.

  5. Banker's Blanket, which is a special cover, provided for banks. It covers their exposure to some risks associated with dealing in Cash, Checks, Currencies, etc. Some of the insured risks under this insurance are: Theft, Forged Checks or Currencies, Armed Assault or Robbery, Injury to Clients resulting from an armed robbery and many more risks.

  6. Electronic Equipment cover, a specially designed policy for your computers, ATMs and other electronic equipment.

  7. Credit Cards and Cardholders' benefits.

  8. Fidelity Guarantee, protecting you from financial losses resulting from infidelity of employees or any embezzlement of money.

  9. Credit Life Assurance covering your exposure to losses resulting from death of any of your clients, for whom you have given loans and the inability to collect the balances due.

  10. Public Liability insurance for your legal liability to pay for injury to members of the public or damage to their property resulting from your work as a bank.

  11. Workmen Compensation for your employees.

  12. Employer's Liability to complement your Workmen's Compensation cover.

  13. Medical Insurance for your employees and their dependants. Healthy employees perform better and produce more than sick ones.

  14. Group Life Assurance and Personal Accident cover to your employees.

  15. Special covers for Money (or Cash) while in Transit or in locked Safe.

  16. Motor Insurance, whether Comprehensive or Third Party only, for your vehicles or motor cars.
   
Need Help?
 
    Please contact us for more details. Our team will be very glad to conduct a free and comprehensive risk assessment and evaluation for you.

You can reach us on:
Tel: +973 - 225860
Fax: +973 - 224870
Email: marketing@alahlia.com

If you are a bank employee and would like to know about other insurance products available to you as an individual then please go to our Individual & Family Insurance section.