Insurance for Banks & Financial Institutions

Using our clients as examples, financial institutions typically purchase a package policy for small or mid-sized companies, which includes not only broad property and general liability coverages, but also features and benefits not found in other industry policies. In addition, they tend to round out their insurance programs with workers compensation, commercial auto, financial lines coverages such as cyber and directors and officers (D&O) or errors and omissions (E&O) and excess liability. 

The best defense is offense — and, therefore, Chubb has invested heavily in our risk consulting capabilities to help your organization safeguard against loss. We’re able to proactively assess risks and advise our clients on how to help prevent the breadth of financial institution exposures — whether property perils or cyber hacking.

Risk consulting services help ensure business continuity, protect electronic data processing infrastructure as well as data, and mitigate accidents and injuries for customers and workers alike.

Important qualities for your insurance carrier to have are financial strength and capacity, in addition to specific, deep financial industry expertise that spans all aspects of your insurance partnership.

Chubb’s strength allows us to offer financial institutions robust primary casualty, excess umbrella, and property limits — some of the largest capacity levels available in the industry. Our financial institution expertise starts with our dedicated underwriting and extends through to our claims services. Whether your company is an asset management firm, a mortgage lender, or an insurance brokerage, we address your unique risks. Further, should you experience an incident, Chubb claims team provides efficiency, empathy, and deep experience managing all types of losses that financial institutions could face, from legal liabilities and cyber incident response to employee injuries and property losses.