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Professional Liability (Financial Institutions)

Professional Liability

Comprehensive cover designed for financial institutions

What we offer

From those in banking and insurance companies, to stockbrokers, clearing houses and regulated marketplace lenders, a range of individuals are active in the financial sector. When things go wrong the impact on those found, or suspected of being, liable can be catastrophic.

How can we help

Regulatory costs
Full limit mitigation costs cover
Automatic coverage for newly acquired subsidiaries with no size threshold
Broad form cover with limited restrictions
Automatic reinstatement of limit.

Limits

Up to US$25m

Who we can help

A broad range of financial institutions can benefit from Beazley’s specialized professional liability cover, including:

Banks
Real Estate Investment Trust REITs
Asset managers
Trust administrators
Insurance and reinsurance companies

Challenging classes

Regulated marketplace lenders
Payment processors

Non-target classes

Financial advisors
MGA & brokerages
Fund administrators
Cryptocurrency, cannabis, psychedelics, SPACs

WHERE IS THIS OFFERED?

Worldwide

The Beazley Difference

Expert underwriters with technical backgrounds and hands-on experience in the field
Deep understanding of environmental exposures
A global underwriting team that works collaboratively with brokers and insureds
A focus on complex and hard to place risks
Consistent appetite which is broader than most other insurers
Bespoke policy wordings for the client’s industry and environmental needs
Dedicated claims managers to work with clients throughout the entire claims process