What Is a Bankers Blanket Bond?

Financial institutions operate on trust, yet insider fraud, forgery, and targeted robbery can fracture that trust in moments. A Bankers Blanket Bond (BBB) policy reimburses direct financial losses caused by these hazards, enabling banks, securities firms, and fintech companies to stay focused on customers rather than crises. Consequently, BBB insurance forms a cornerstone of effective operational-risk management in Thailand’s fast-evolving financial sector.

Why Thai Institutions Need Coverage Now

Thailand’s banking ecosystem is digitizing rapidly. However, that same digitization has opened doors to sophisticated cyber-enabled scams, social-engineering attacks, and coordinated cash-in-transit thefts. Furthermore, the Bank of Thailand’s prudential guidelines emphasize strong internal controls and adequate crime coverage. Because a single event can deplete capital reserves and trigger reputational fallout, decision makers must secure a robust safety net before—not after—losses occur. That net is Bankers Blanket Bond insurance in Thailand.

Core Insuring Clauses at a Glance

• Employee Dishonesty protects against losses caused by fraudulent or dishonest acts committed by your own staff.

• On-Premises Loss covers burglary or destruction of property within insured locations.

• In-Transit Loss applies while money or securities travel with an armored car, messenger, or trusted carrier.

• Forgery and Alteration reimburses when forged checks, drafts, or promissory notes are honored.

• Counterfeit Currency responds to acceptance of fake banknotes that create a monetary shortfall.

Optional Extensions for Modern Risks

Because crime patterns shift, our specialists can broaden a standard bond to include computer fraud, fraudulent electronic funds transfers, mortgage-loan fraud, ATM skimming, and even extortion that threatens data destruction. Moreover, all extensions integrate seamlessly into a single policy, so there are no dangerous coverage gaps.

How Lockton Wattana Adds Value

At Lockton Wattana Thailand we go beyond broking. First, we benchmark your controls against regional peers and global best practice. Next, we design deductible and limit structures that match both board-level risk appetite and Bank of Thailand expectations. After that, we negotiate competitive pricing with local and international insurers, leveraging our global scale to reduce your premium outlay. Finally, we provide employee awareness training that, in turn, lowers incident frequency over time.

Claims Process and Post-Loss Support

When a covered loss strikes, speed is critical. Therefore, our 24/7 claims desk assigns a dedicated advocate within hours. That advocate gathers documentation, liaises with investigators, and pursues interim payments to restore liquidity quickly. Additionally, our forensic partners deliver post-loss recommendations that strengthen defenses and prevent similar events.