The definition of "premises" varies.
Obviously the most important premises
are the offices of the insured
institution, and coverage is
automatically afforded to all offices,
or premises, in existence at the
inception of the bond. Also included are
the premises of any other institution
for which the Insured party has care,
custody and control.
Valuable property on the institution’s
premises such as gold bullion, precious
metals and of course cash are included
within this coverage, and if necessary
coverage may be extended further to
include such items as certificates of
deposit etc.
Again it is possible to expand coverage
to include any special instruments or
property peculiar to each institution’s
requirements
