Management Liability for Financial Institutions

Management Protection Liability for Financial Institutions

  • Loss includes punitive and exemplary damages and the multiplied portion of any multiple damage award where insurable
  • Industry leading claims handling expertise, including no panel counsel requirement
  • Ability to coordinate placement of a locally admitted policy in many foreign jurisdictions where required

This policy offers broad insurance coverage for risks facing directors and officers of financial institutions.

Coverage Highlights

Benefits

  • Industry leading claims handling expertise, including no panel counsel requirement
  • Ability to coordinate placement of a locally admitted policy in many foreign jurisdictions where required
  • Broad definition of insured person
  • Broad definition of claim and securities claim
  • Broad application severability for insured persons

Coverage

  • Formal investigation coverage for insured persons
  • Loss includes punitive and exemplary damages and the multiplied portion of any multiple damage award where insurable

Limits

  • Up to $25 million

Target Clients

  • Any type of public, private, or not-for-profit institution

Forms

  • Primary
  • Excess
  • Side A/DIC Forms