We are witnessing, now more than ever before, the complexity of financial institutions and risks relating to them. Regardless of you being a bank, insurance company, stock broker, stock exchange, hedge fund, VC or a private equity, you are facing a number of risks, such as:
- Claims against directors and officers
- Infidelity of employees
- Third party and cyber crime
- Credit card fraud
- Dissatisfaction of clients
- Employee claims
- Claims as a result of professional services
There is no all in one insurance solution for the above risk areas; it is a combination of the following coverages that addresses the risks of the financial institutions accordingly:
- Directors and Officers insurance
- Professional Indemnity insurance
- Bankers’ Blanket Bond
- Electronic and computer crime insurance
- Credit card fraud insurance
- Cash in transit insurance etc.
