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Financial institutions Elite civil liability insurance

Financial institutions have to operate within a growing array of complex laws, rules and regulations, which increase the potential for loss and consequent litigation.

We provide market-leading civil liability insurance, protecting financial institutions and their employees against claims arising from the performance of or failure to perform professional services.

In the current regulatory and economic environment, it is important that companies have the right cover. We operate on a "knowing your client" basis and work with our clients to develop the appropriate insurance for their needs.

Product highlights

  • A broad definition of the term ‘wrongful act’ offers businesses greater protection.
  • Cover for the company, employees and persons for whom they are legally responsible.
  • Cover for employee dishonesty.
  • Cover for cost of mitigating potential claims.
  • Cover for investigations.
  • Highly experienced underwriting team offer brokers guidance and the ability to tailor cover to suit the individual business needs.
  • In depth knowledge of the issues and liabilities faced by financial institutions.
  • Global network of underwriters and claims professionals.

Who does it protect?

  • The company
  • Employees in the performance of professional services
  • Other persons for whom the insured is legally responsible
  • Spouse or domestic partner of an insured person
  • The estate or legal representative of deceased insured persons

What does it cover?

Comprehensive cover for defence costs and legal liability incurred from:

  • Wrongful acts
  • Errors and omissions
  • Misstatement and misleading statements
  • Negligence
  • Breach of duty, breach of trust and breach of fiduciary duty
  • Breach of applicable regulations outside the USA

Cover includes:

  • Damages, judgments, expenses and defence costs
  • Costs of legal representation for investigations
  • Employee dishonesty
  • Cover for claims against the insured as a result of a wrongful act of an outside service provider
  • Mitigation costs
  • Cover for loss of documents
  • Cover for breach of privacy
  • Costs arising from extradition proceedings
  • Cover for deprivation of assets of individuals Individuals covered for pre-investigation costs
  • North American exposures where applicable

Download the Elite civil liability external factsheet

Latest financial highlights

Chubb is rated consistently amongst the highest for financial strength: AA from Standard & Poor’s and A++ from A.M. Best.

Why choose Chubb?

Recognised market leader
We have a dedicated and highly experienced underwriting team with a vast amount of knowledge on the crime exposures facing all types of financial institutions.

Multinational capability
Chubb’s worldwide network can provide local cover for multinational operations or companies with multinational exposures.

Award-winning claims service
Our claims team is consistently recognised as the best in the business. We handle all claims in-house and clients have a single loss adjuster to liaise with throughout the process.


Best for financial strength
A++ Superior
AM Best’s highest rating for financial strength

Best Global D&O Insurer
Global Finance, 2015

Best cyber & technology risks team
Post Magazine, 2014

Excellent niche products and good service
Insurance Times Broker Survey, 2015