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Profesional Indemnity Insurance of Financial Institution
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 organization 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
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
Defense costs which are advanced to financial institution as incurred
The full spectrum of civil liabilities
Benefits
Expertise in underwriting that offers brokers guidance and the ability to customize 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