BANK & FINANCIAL INSTITUTIONS D&O

We work with multiple carriers providing Directors and Officers Liability coverage for Financial Institutions.

CLASSES OF BUSINESS

The types of risks we can entertain include, but are not limited to:

 

ASSET MANAGERS

Broker-Dealers, Investment Advisers/Wealth Managers, Family Offices, Fund Managers, Private Equity/ Venture Capital Firms and others

 LENDING, DEPOSITORY AND NON-DEPOSITORY INSTITUTIONS

Banks, Credit Unions, Development Companies, Finance Companies, Leasing Companies, Trust Companies and others

 INSURANCE COMPANIES

AM Best-rated and Non-AM Best-rated Companies, Pools and others

 

COVERAGE

D&O Liability (part of Management Liability) provides coverage (both defense and indemnity) to the directors, officers, employees and entity itself for legal assertions of wrongful acts.  The wrongful acts are often broadly defined as actual or alleged breaches of duty, negligence, errors, misstatements, misleading statements and omissions. Potential claimants include shareholders, fund investors, regulatory agencies and competitors among others.

COMPANION COVERAGES

We can also assist placement for Professional Liability, Lenders Liability, EPL, Fiduciary, Cyber Liability, Kidnap Ransom, Workplace Violence and Fidelity Bonds for Financial Institutions.

INFORMATION NEEDED FOR COVERAGE PROPOSAL

A Completed Application

Financial Statements

Regulatory Reports (Form ADV or BD or FDIC Call Reports)