financial institutions insurance

Insurance for Financial Institutions

Financial institution insurance is a specialized insurance product tailored to meet the unique needs of businesses operating within the financial industry.

Financial institution insurance may provide coverage for errors and omissions, professional liability, and directors’ and officers’ liability.

These coverages help protect financial institutions against legal actions and lawsuits that may arise from their business operations, thus preserving the company’s financial stability and reputation.

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Description

Need insurance that can keep up with the fast-paced world of finance?

Our coverage is designed to evolve with your Financial institution’s needs!

Why choose us?

Our team has years of experience in the insurance industry allowing us to provide you with valuable insights and advice on the most suitable insurance options to meet your specific needs. We are committed to upholding the highest standards of excellence in all areas of our operations, and we offer customized insurance solutions that are tailored to your specific requirements.

  • Quality assured by Lloyd’s and international insurance markets.
  • Rated A+ (a condition imposed by Amazon).
  • Worldwide cover is provided (including the US and Canada).
  • You will get Quote in 48 hours due to short and understandable questionnaires. Our professional broker team will guide you through the process in no time.

Specialized Insurance solutions for various types of Financial Institutions

  • PISP / AISP Payment institutions (payment initiation service, account information services)
  • Banks
  • Credit Unions
  • Investment/pension funds and fund managers
  • FINTECH
  • Electronic money institutions
  • Finance broker/advisers

Colemont is the leading Lloyd’s Coverholder in Baltics for liability insurance

Our expertise and experience in the industry are unparalleled, making us the leading choice for businesses looking to protect their assets and mitigate risk. Our extensive experience and knowledge of the industry allow us to tailor insurance policies that meet the unique needs of our clients.

What are the risks?

  • Cybersecurity risk: Financial institutions are vulnerable to cyber attacks that can lead to data breaches, financial losses, and reputational damage. Financial Institution Insurance can provide coverage for losses resulting from cyber attacks, as well as expenses related to investigation, notification, and recovery.
  • Liability risk: Financial institutions can face liability claims from customers, shareholders, or regulators, resulting from errors or omissions in their products or services. Financial Institution Insurance can provide coverage for defense costs and damages associated with these claims.
  • Directors and Officers (D&O) liability risk: Directors and officers of financial institutions can be held personally liable for their actions or decisions. D&O insurance can provide coverage for defense costs and damages resulting from claims against directors and officers.

Need a free consulting? Contact our Specialist

Karolis Blavaščiūnas

Karolis Blavaščiūnas
Deputy Managing Director

M.: +370 6100 0098
E.: karolis.blavasciunas@colemont.lt

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