The infidelity of Employees:
This clause provides coverage for any loss due to misappropriation or embezzlement by the dishonesty of the insured’s own employee(s).

On-premises:
This clause provides coverage for loss &/or damage to the insured’s property due to various perils including fire whilst in the premises where the insured carries on a business and other specified places which should clearly be defined while opting for this clause. Some of the other risks of this section are followed as under:

•  Cash in Safe and on counter
•  Lockers

In-transit:
This clause provides coverage for loss &/or damage to the insured’s property whilst in transit to and from premises along the defined geographical area.

Forgery and Alteration:
This clause provides coverage for loss caused due to forgery or alteration (forgery means the forging or fraudulent alteration of any document or the uttering of any forged or fraudulently altered document by the employee(s) whereby one obtains possession of monies or goods.) and Forged Cheques are also covered therein.

Securities:
This clause covers securities of the insured (Stock, Certificates, Bonds, and other Governmental guaranteed authority stocks, etc.) whilst in insured premises or others due to loss &/or damage resulting from named calamities.

Counterfeit Currency:
This clause provides coverage for loss resulting from the acceptance of counterfeit currency by the teller or other charged employee of the insured provided normal and standard procedures and precautions are fully exercised.

Computer criminality
Almost everything in the financial world is done through data connections. These are sensitive to manipulation, in the system of the bank itself, as well as in the systems with which the bank is connected. If third parties misuse computer and communication systems to steal money, this will be covered by Banking Insurance

Office and Contents:
This clause provides coverage for loss &/or damage caused by fire and other perils to the office. The contents of the insured’s premises should specifically be named whilst opting for this coverage. Fixed assets and Computer equipments are also part of this section.