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.
Comprehensive cover for defence costs and legal liability incurred from:
- Wrongful acts
- Errors and omissions
- Misstatement and misleading statements
- Breach of duty, breach of trust and breach of fiduciary duty
- Breach of applicable regulations outside the USA
- 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
Chubb is rated consistently amongst the highest for financial strength: AA from Standard & Poor’s and A++ from A.M. Best.
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.
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
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