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FINANCIAL RISKS

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EFES ICJSC offers a comprehensive Bankers Blanket Bond (BBB) program, a product in high demand within the global financial system. Our BBB coverage is tailored to the specific needs, requirements, and responsibilities of our local clients, ensuring maximum adaptability.

This program is specially crafted to cater to the unique needs of the following financial institutions:

  • Banks,

  • Credit organizations,

  • Professional participants of the equity market.

WHAT CAN BE INSURED?

The insurance covers the Insured's property interests pertaining to the utilization, administration, and operation of the property outlined in the insurance agreement. Additionally, it encompasses unforeseen losses or expenses incurred during the Insured's banking or other specified financial activities detailed in the insurance contract.

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WHAT RISKS CAN BE INSURED?

Insurance coverage includes the following risks:

  • Damage of premises and/or loss or damage of property belonging to the Insured inside such premises,

  • Faking (forgery) of documents,

  • Operations with fake, lost, and stolen securities,

  • Operations with fake banknotes (coins),

  • Employee fraud,

  • Destruction (loss) or damage to valuable property of the Insured during transportation,

  • Destruction (loss) and damage of financial documents during their transportation by a courier (collector) company,

  • Destruction, damage or theft (through burglary or robbery) of valuable property that belongs to the Insured and which is kept in special designed premises of the Insured,

  • Theft (through robbery or burglary) of valuable property which belongs to the clients of the Insured and which is kept in a especially designed premise of the Insured.

HOW MUCH DOES FINANCIAL RISK INSURANCE COST?

If you have any questions or would like to receive additional information, please contact us at +374 (10) 700 800 or at info@efes.am.

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