Financial Institutions
Why do clients need Financial Institutions cover?
- Your clients work in a highly regulated world so they would want to have the appropriate insurance in place to help protect their operations
- Beyond protecting the Board and Directors, clients may want to help protect the business from mistakes made by staff, internal and external fraud
- It's not just about their building - your client's coverage may need to go beyond physical assets, to include protections like Crime, Professional Indemnity, Cyber and Business Interruption
Why choose Aviva's Financial Institutions cover?
We provide cover for range of financial institutions, including
- Banks and lending institutions
- Insurers and underwriting syndicates
- Investment management companies including hedge funds, private equity, venture capital and real estate funds
What's covered as standard?
- Bankers Blanket Bond - can help to protect institutions from criminal acts carried out by employees
- Crime - protection for a direct financial loss caused by theft, fraud or dishonesty by an employee or third-party fraud
- Cyber - businesses using computer systems are vulnerable to cyber crime. This cover helps to protect against phishing, malware or denial of service attacks
- Employment Practices Liability - protection for actual or alleged employment practice violation claims by the business
- Directors and Officers Liability - protection for senior managers against claims of alleged wrongful acts, including defence costs, damages and settlements
- Pension Trustee Liability - cover for where a claim is brought against your client which alleges a wrongful act such as negligence and maladministration
- Professional indemnity including blended Asset Management Insurance coverage - cover for claims where the business is legally liable for a professional service that the claimant says the business failed to provide
Did you know?
Policyholders can also access a range of legal help and advice through our Aviva Businesslaw website, powered by Farillio. Your clients can get access to business and legal guides, along with help for everything from branding to tax planning.
Get a quote
You can get a quote for Financial Institutions by contacting your usual underwriter.
Claims
Our dedicated claims service is there whenever your client needs us – they can call our 24/7 claims line or email us anytime.
Your client will be allocated a claims handler, who will support them throughout the entire process, but they’ll also have access to our panel of solicitors working in litigation and claims investigation.
Our defence excellence team will be on hand to help protect your clients against fraudulent claims and also give advice on best practice procedures and legislation that can help companies enhance their risk management strategies.
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