Reputational, compliance and fiduciary risks for safeguarding customer capital from hackers and criminals are in the forefront of our increasingly digital world. Social engineering of employees and the impersonation of customers and vendors have become more commonplace. Chubb’s integrated financial fidelity insurance solution is a prudent risk management technique to help protect against such risks. Chubb’s Asset Manager Bond provides a unique, cost-effective insurance solution to give asset managers and their customers’ peace of mind in the face of today’s risks.
Coverage Highlights
Coverage
Coverage offerings
- Loss of customer’s capital due to dishonest acts of an employee
- Financial loss resulting from unauthorized access into the firm’s computer system by hackers
- The transfer of the firm’s capital or its customers’ capital through fraudulent instructions over the Internet, email, or the telephone
- The impersonation of an employee or known vendor that causes the firm’s funds to be fraudulently transferred by an authorized employee
Coverage extensions
- Customer’s Capital
- Assured’s Funds Transfer and Social Engineering Fraud
- Customer’s Funds Transfer and Social Engineering Fraud
- Computer Fraud
- Computer Investigations
Financial Institution Bond for Asset Managers
Social engineering of employees and the impersonation of customers and vendors have become more commonplace. Chubb’s integrated financial fidelity insurance solution is a prudent risk management technique to help protect against such risks.