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Bankers’ Blanket Bond

Bankers’ Blanket Bond

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The blanket bond of bankers and other legal entities involved into provision of financial services covers the following insured risks:

  • Loss of profit as a result of performance of the insured activity by the insured person;
  • Insured person’s properties;
  • Obligations of compensating damages caused to third persons as a result of performance of the insured activity by the insured person during the term of validity of the insurance agreement, in the manner established by the national laws of  the Republic of Azerbaijan.

The following can appear as an insured person for this type of insurance:

  • Banks and other lending organizations
  • Investment companies
  • Organization providing professional services in the securities market
  • Other legal entities that passed registration in the manner established by the nationa legislation