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Home for specialised risks Casualty

Crime &

civil liability

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Covering what matters most in financial crime and liability

This combination of specialist insurance provides comprehensive protection for financial institutions (such as banks and asset managers) against risks, such as employee dishonesty, electronic and computer crime, civil liability, and associated legal costs.

 

A well-structured Financial Lines (FL) policy is essential to avoid economic hardship in the event of a claim. Santam’s bankers’ and financial institutions’ blanket bond policies include a range of Crime and Civil Liability covers detailed in the tabs below.

Downloads

Why partner with Santam for your financial lines insurance cover?

Expertise

Our underwriters and claims specialists have a deep understanding of the financial institutions landscape and its unique risk exposures.

Longevity

Financial Lines claims often take years to emerge and even longer to resolve. With over 40 years of experience, we’re trusted to manage complex, long-tail claims with care and consistency.

Solutions

We deliver bespoke insurance solutions, thoughtfully designed to address the intricate and evolving risks faced by financial institutions.

Crime and Civil liability offers

Covers direct financial loss from:

Employee fraud or dishonesty

Theft or damage (office, contents, in transit)

Forgery, document tampering, fake transactions

Counterfeit currency, extortion, computer crime

Covers liability for damages and legal costs due to:

Negligence in business activities

Employee dishonesty or misconduct causing loss to clients and other third parties

Business-related defamation

Let’s discuss your insurance needs

Get tailored casualty insurance solutions. Request a call back and our team will assist you with the right coverage options.

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Help and FAQ's

General enquiries

Tel: 011 731 3600

E-mail: info@santam.co.za

What information is required to obtain a quote?

Santam only transacts through licensed insurance brokers. A completed proposal form (available in the Downloads section of this page), the most recent audited financial statements, and full claims history are required to begin the underwriting process.

Are there any Financial Lines (FL) risks Santam does not cover?

While Santam has a broad risk appetite and aims to find solutions for most exposures, the following are currently outside our underwriting scope: 

 

  • Retirement fund trustees and administrators.
  • Medical aid and insurance administrators.
  • Reinsurance brokers.
  • Underwriting managers.

 

What are typical sources of Crime and Civil Liability claims?

  • Losses suffered by third parties due to the insured’s negligence or employee dishonesty.
  • Internal fraud or theft committed by employees against the insured.
  • Negligent investment advice or execution.
  • Fiduciary breaches (not acting in the best interests of clients).

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