What does BBB stand for in insurance?
Many financial institutions hold some form of Bankers Blanket Bond (BBB) policy, which often indemnifies only first-party losses of the entity's own funds and includes cover for such perils as employee dishonesty and traditional fraud / theft.
What is banker insurance?
Bank insurance helps protect individuals who deposit their savings in banks against commercial bank insolvency. Each depositor is insured to at least $250,000 per bank.
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