Financial Institutions Professional Indemnity Insurance
Financial Institutions Professional Indemnity Insurance
Operating within a growing list of complex laws means financial institutions increasingly face the potential for loss and litigation
Chubb provides market-leading professional indemnity insurance to protect your organisation and its employees against claims arising from the way they do, or fail to do, their job in serving your customers.
Coverage
Coverage
What it covers
- Claims arising from acts, errors, omissions, breach of duty, breach of trust, breach of authority, misstatement or misleading statement by the financial institution while performing or failing to perform professional services
- Covers the financial institution and its past or present subsidiaries
- All directors, officers or employees
- Defence costs which are advanced to financial institution as incurred
- The full spectrum of civil liabilities
Coverage enhancement requests
- The following enhancements will be considered if requested by the financial institution:
- A policy extension to include agents
- Multi-year policies
- Run-off cover if the financial institution or any of its subsidiaries has been taken-over or merged with another entity
Benefits
- Expertise in underwriting that offers brokers guidance and the ability to customise covers to suit individual business needs
- Vast knowledge of issues and liabilities faced by financial institutions
- Global network of underwriters and claims professionals
- Strong focus on long-term relationship building with our clients
Interested in these Chubb policies?
Have a question or need more information?
Contact us to find out how we can help you get covered against potential risks