Financial Institution Insurance

Financial Institution Insurance

Bankers can purchase professional liability policies as part of their Financial Institution Insurance coverage that is tailored to assist with the unique risks they face. An investment banker would want to have coverage for underwriting, syndicating, securitizing and market-making activities, as where a lender would want coverage for its activities related to granting, committing to, restructuring or terminating loans and lines of credit. Speak to an agent familiar with these business lines of insurance to determine the right policy for your needs.

Financial Institution Insurance was created in order to provide protection for financial professionals against customers’ claims of wrongdoing or mishandling of their funds. Bankers professional liability insurance, a type of errors and omissions insurance, protects those working in the banking industry, along with the institutions they work for, from any expenses associated with having to defend themselves in a court of law or from having to pay a judgment if a plaintiff wins.

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