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 Highlights

What it covers

  • Legal representation expenses for attendance at investigations, including regulatory investigations up to the full limit of the policy
  • Mitigation costs sub-limit of RM100,000
  • Full continuity while the insured has maintained a professional indemnity policy without interruption from Chubb, with no fraudulent non-disclosure or fraudulent misrepresentation
  • Loss of documents, defamation and breach of privacy cover to the full limit of the policy
  • Extradition bail bond costs sub-limit of 10% of the limit of liability
  • Extradition crisis costs sub-limit of RM25,000
  • Public relations expenses to hire a public relations firm, crisis management firm or law firm to prevent or limit negative publicity arising from a claim – sub-limit of RM250,000
  • Reputation protection expenses to assist the Insured in appointing a public relations firm or consultant to diffuse the findings of a final adjudication – sub-limit of RM250,000

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

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks