Here are three precautions banks can take to mitigate lawsuits from ATM crimes.

1 Have a general liability policy with some excess umbrella coverage.

2 Place ATMs in well-lighted areas to provide a more secure environment for your customers.

3 Seek legal counsel since law firms can help banks anticipate what types of claims might arise by interpreting local regulations, and by ensuring that the bank is not negligent.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.