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Nowadays, Banks are always under the threats of criminals’ sabotage of
ATM to steal money or damages to money whilst in the premises. How to
keep Bank’s assets, reputation and brand away from above mentioned
perils? | Surety bond is a type of guarantee in which the Insurance Company (The
Surety) basing on its reputation and financial capacity comes in to
written commitment with Obligee (project owner) that the Obligor
(contractor) is capable of undertaking the underlying contract,
otherwise The Surety will indemnity to the Obligee against any losses
resulting from the failure of the Obligor to perform or fulfill the
obligations as specified in the underlying contract. Under that
circumstance, The Surety will recover ... | To be a firm’s manager, especially in banking sector, one of your
biggest concern is accidental losses that might occur to your money in
transit or in premises arising out of theft, robbery or stealing. Money
Insurance of BIC will be your best selection under this circumstance. |
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