Financial Institutions Liability Insurance

Financial institutions insurance helps financial institutions manage risks in an ever-evolving regulatory and legal environment. As regulations and legal responsibilities evolve financial institutions insurance products protect financial firms form these risks.

Financial institutions insurance protects financial institutions from economic loss due to a variety of risks, including:

• Negligent financial advice
• Breaches of duty and fiduciary responsibilities
• Wrongful acts: such as those committed by directors, officers, or managers
• Criminal acts: such as theft, forgery, and computer systems fraud
• Employee Dishonesty

Financial firms face complex risks. Regulatory shifts present increasing compliance difficulties and increasing costs. Staying ahead in the face of global economic shifts and uncertainty remains a challenge in the competitive market. Further, adapting to changing technologies and innovating remain constant challenges. All the while, the fundamental necessity of maintaining customer trust in this industry requires that these risks be addressed with precision and care.

Whether a boutique firm, a regional business, or have a national footprint, financial institutions insurance can cover a wide range of financial firms and insurance solutions such as:

Leaders in these organizations may not be dealing with the pressures of profit-driven businesses, but they still face legal responsibilities and the potential for lawsuits. The protection offered by D&O insurance ensures that these organizations can attract and retain qualified individuals, who might otherwise be reluctant to serve due to the potential personal financial risks.