FGIB:Offering A Broad Spectrum of Professional Liability Insurance Solutions

The financial industry – from private banks and community banks to investment managers, mortgage lenders and various other service providers – all face complex professional liability risks. These can include everything from shareholder disputes, claims for violation of securities and banking laws, consumer fraud claims, lender liability claims, breach of fiduciary duty claims, and errors or omissions in the handling of an account to employment discrimination claims, ERISA claims, and others. There are various insurance policies available to respond to the varied and often complicated and evolving risks that the financial industry should be addressing.

Financial Guaranty Insurance Brokers (FGIB), with more than three decades of serving the banking industry, is well positioned to provide you with the protection you need to safeguard against the professional liability risks you face.

Our Well-Rounded Professional Liability Coverages

Below is a brief description of each of the policies we offer. You will find more detailed information on each policy within our website.

Errors & Omissions (E&O): Provides coverage to defend and indemnify financial companies against claims alleging negligence or failure to perform their professional services.

Bankers Professional Liability (BPL): This coverage provides protection against claims arising from allegations of wrongful acts, errors or omissions in the performance of professional services by the bank or its employees. This may include negligently representing the quality of investments or offering poor financial advice to a customer.

Directors & Officers (D&O) Liability: Provides coverage for individuals against lawsuits arising from their roles as directors or officers for alleged acts of improper establishment of corporate policy, claims regarding employment policy or actions taken against specified employees, shareholder disputes, as well as failure to comply with Securities and Exchange Commission (SEC) rules and other federal regulations that apply to corporations.

Employment Practices Liability (EPL): Provides coverage to entities, directors, officers and employees for wrongful employment practices, such as allegations of discrimination, sexual harassment, and wrongful termination, among others.