What have we learned about insuring financial instructions over the last 25 years? Risks, threats and lawsuits have changed and pose a variety of complex challenges for your financial institution. 10 years ago, those threats were regulatory threats, today they are cyber and computer crime related combined with heightened exposures from employees.
Insurance for Financial institutions is about risk transfer. This mechanism allows the institution to shift the financial risk of a loss to an insurance policy. It also provides the costs for your legal defense.
We look forward connecting with you further about how all the insurance programs for Financial Institutions come together to formulate your total insurance portfolio. We work with all levels of your financial institution’s team from Presidents and CEO’s to CFO’s, Lenders, Risk officers, Special asset officers, IT and HR department managers.
A few of our programs and specialty coverages:
Directors & Officers, Bankers Professional Liability, Errors & Omissions, Security Liability, Lender Liability, Fiduciary Liability, Trust, Financial Institution Bond, Cyber, Computer Crime, Breach Expenses, Privacy Liability, Network Extortion, STAMP BOND, Mortgage Protection, Property & Casualty, Balance of Perils, Funds Transfer, remote capture deposit, Lender’s Single Interest, Notary, Investment Advisors, Mortgage Banking, Foreclosed and Force placed.
Insurance Programs included for banks, credit unions, mortgage brokers, and investment advisors.
To find out more about your bank and financial institution insurance needs, contact us today.