- Individuals & Families
- Businesses
- Agents & Brokers
- Embedded Insurance
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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