The Fraud-Bond

I’m getting more feedback on my last post than usual.

Every insurance policy we buy has a descriptive name.

Auto insurance
Home insurance
Flood insurance
Property insurance
Machinery insurance
Crime insurance
Liability insurance

Financial institution bond is meaningless to most insurance buyers.

I added “fraud” to the name – the financial institution fraud-bond protects financial institutions from fraud.  Better for users.

The Financial Institution Fraud-Bond.

I’m also ending my usage of “Executive Risk” and using the term “Management Liability Insurance.”  This is a term used for many years by many insurers.  It is a better, more descriptive phrase for insurance buyers.