Management Liability for Financial Institutions

This modular package provides a flexible, comprehensive solution to help banks and thrifts, insurance companies, and securities firms manage their risk.

Chubb’s modular insurance policy includes six available coverages to help asset management firms and investment funds manage your most critical professional and management liability exposures.

Designed specifically for broker-dealers and their registered representatives, this policy provides professional liability coverage for claims alleging errors or omissions related to professional services rendered to your clients.

In today’s competitive market, banks and other financial institutions increasingly offer services that go beyond traditional banking. The more services that are offered, the greater the chances of being sued. Chubb’s coverage is designed specifically to help protect you from claims arising out of the professional services you render to your customers.

Available to all companies - public, private, not-for-profit and financial institutions - this policy is structured to offer broad, comprehensive coverage that cannot be canceled or rescinded for any reason other than non-payment of premium.

As the number of regulatory actions against Chief Compliance Officers (CCOs) has increased in the post credit crisis era, the demand for specialized insurance has escalated.