Professional Liability for Financial Institutions
Flexible Management and Professional Liability Solutions
Banks and credit unions seeking growth and new sources of revenue significantly increase their exposures by offering insurance and investment or brokerage services. And in today’s online banking environment, data breach, privacy, and cybercrime are unavoidable and growing exposures.
Travelers Canada Professional Liability insurance for Financial Institutions provides specialized coverage for banks, credit unions, insurance companies, investment advisors, hedge and mutual funds, venture capital and private equity firms.
We help you navigate and protect against the traditional and emerging exposures, with coverages that can protect you from loss related to mortgages impairments, collateral interest in real estate, physical loss of cash and securities, safe deposit box liability and service in a fiduciary capacity, such as trustee of a property or estate. In addition, we help you navigate emerging exposures that accompany today’s online business environment, including data breach and privacy, reputational harm and cybercrime exposures.
Travelers Canada helps you stay ahead of the complex and changing issues while ensuring that you are properly insured.
Who is this right for?
- Asset Managers
- Credit Unions
- Diversified Financial Institutions
- Hedge Funds
- Insurance Companies
- Investment Advisors
- Mutual Funds
- Private Equity Firms
- Venture Capital Firms
Even with prevention, incidents happen, but filing claims should never be a complicated process for your business. Our team is with you every step of the claims process from initial assessment to finalizing your settlements, with the goal of successfully moving your business forward at the forefront of our strategy.
Cross Border Solutions
Whether your business has limited U.S. or international dealings or operates in countries around the world, we can provide coverage for our Canadian clients from initial startup and provide solutions in every step of their evolvement and expansion when facing local regulatory requirements.