Travelers has flexible financial institutions insurance coverage for a wide spectrum of financial institutions, including coverages for banks, credit unions, insurance companies, investment advisors, hedge funds, mutual funds, venture capital and private equity firms.
Travelers knows insurance for financial institutions
With dedicated policies for financial institutions, Travelers offers a range of insurance for financial institutions, including Directors and Officers, cyber, professional liability, financial institution bonds, ID fraud expense reimbursement and a full portfolio of property casualty coverages. Choose either stand-alone coverage or a suite of coverages.
Social engineering: Expect the unexpected
Travelers can help protect your business from devastating social engineering fraud.
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Text, Travelers. The red logo umbrella hangs over the S in Travelers. Text, Social Engineering Threats Against Financial Institutions. A man and woman appear in a video call. Text, Jerry Keup, Bank National Underwriting Officer. Tracey Santor, FI Bond Product Manager.
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TRACEY SANTOR: As an independent banker, you're no stranger to financial threats. But you need to know, in today's digital world, an advanced type of cybercrime is on the rise.
JERRY KEUP: That's right, Tracy. It's called social engineering. It can be insidious and difficult to spot. These schemes are run by intelligent and skilled fraudsters. Underestimating their sophistication can have serious consequences.
TRACEY SANTOR: Exactly. Typically, social engineering uses behavioral techniques to trick bank employees into sending money or giving out confidential information. They exploit social norms by gaining trust and appealing to goodwill to fool employees into transferring funds.
JERRY KEUP: Recently, we're also seeing examples of fraudulent instruction and criminals using counterfeit and forged checks against home equity lines of credit.
TRACEY SANTOR: And it doesn't end there, Jerry, baiting, phishing, email hacking. Fraudsters continue to innovate, so it's critical that we work as hard as they do. After seeing an explosion of fraud claims across the country, Travelers has developed expertise in avoiding and protecting against social engineering. You'll find more information and best practices for protecting your bank on travelers.com.
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Text, Travelers. Learn more by visiting Travelers dot com. Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183 Copyright 2020 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.
Insurance for financial institutions
Meeting your management liability and property casualty needs
Our portfolio includes financial institutions insurance coverage options to address management liability and property casualty coverage needs.
CyberRisk insurance
Directors and officers liability insurance
Employment practices liability insurance
ERISA fidelity insurance
Errors and omissions insurance
Fidelity and crime insurance
Fiduciary liability insurance
Kidnap and ransom insurance
Identity fraud expense reimbursement insurance
Financial institutions bond
Professional liability insurance for financial institutions
Property casualty for financial institutions
Applications and forms for agents
Access all management and professional liability applications, as well as the surety bond forms library.
Surety bonds are frequently required of financial institutions
Travelers has a dedicated team of Surety experts ready to service their broad surety needs, such as Appeal Bonds, Attachment Bonds, Replevin Bonds and STAMP Bonds.
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