Financial Institutions Professional Indemnity Insurance

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Financial Institutions

Professional Indemnity Insurance

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 organisation and its employees against claims arising from the way they do, or fail to do, their job in serving your customers. 

 

Coverage
Coverage

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
  • Defence costs which are advanced to financial institution as incurred
  • The full spectrum of civil liabilities

Coverage enhancement requests

  • The following enhancements will be considered if requested by the financial institution:
  • A policy extension to include agents
  • Multi-year policies
  • Run-off cover if the financial institution or any of its subsidiaries has been taken-over or merged with another entity

 

Benefits

  • Expertise in underwriting that offers brokers guidance and the ability to customise 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

 



Insurance is issued and underwritten by Chubb Insurance New Zealand Limited NZBN 9429040398037, FSP No. 35924 (Chubb). Please review the relevant policy wording to understand the terms, conditions, limits, and exclusions to decide if the product is suitable for you. Any information provided is general information about our insurance product and not financial advice.

 

Interested in these Chubb policies?

 

Have a question or need more information?

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