Financial Products

Every financial institution is exposed to the risk of criminal activity, both from within its own organization and from outside. Losses can have a devastating impact on a financial institution’s balance sheet. New Hampshire Insurance Company Pakistan ‘s Banker’s Blanket Bond provide protection to a financial institution against a clearly defined risk of financial loss such as:-

 
Employee Infidelity - Covers losses resulting from dishonest and fraudulent acts committed by employees.

On Premises Loss - Covers losses from robbery, burglary, misplacement, mysterious disappearance, damage or destruction of property.

Loss of Property in Transit - Covers property stolen while in the care of a bank employee or in the custody of transportation company

Forgery or Alteration - Covers forgery or unauthorized changes to securities or negotiable instruments.

Counterfeit Currency - Covers losses due to receipt of counterfeit currency issued by any country where the institution maintains a branch office.

New Hampshire’s Commercial Directors and Officers Insurance policy provides coverage for claims brought by third-parties against directors and officers of a company for actual breach of duty, neglect, misstatements, errors or omissions in their capacity as directors and officers. Coverage includes advancement of defense costs granted prior to final disposition of a claim for individuals when the corporation cannot provide such costs. Reimbursement for indemnification of directors and officers for any judgements, settlements and defense costs associated with covered claims when the company has indemnified the insured for loss. 
  
 
Customer Profile
Directors and officers of public and private companies of all sizes engaged in various business areas, including Manufacturing, Utilities, Services, Retail, Wholesale, Chemicals, Agriculture, Pharmaceuticals, Engineering, Real Estate, and Transportation. New Hampshire is considered the most innovative D&O market and will consider unique risks for coverage.

Coverage for specialist in various professional fields. Since basic liability policies do not protect against situations arising out of business or professional pursuits, professional liability insurance is purchased by individuals who hold themselves out to the general public as having greater than average expertise in particular areas.

This insurance policy protects the employer from risks presented by any of his employees such as fraud, dishonesty, embezzlement during the course of employment. This type of cover is generally recommended to banks, companies or organisations that have a sizeable number of employees to cover them against financial loss suffered because of their employee's defalcation, forgery or fraudulent conversion.