Financial Inst. Prof. Indemnity and BPL

Commercial banks, insurance companies and other financial institutions collectively offer a broad range of services to corporations and individuals, including trust management, real estate management and brokerage, securities brokerage, electronic data processing, loan origination, tax planning and wire transfer services. Increasingly, bankers and their institutions are vulnerable to lawsuits alleging failure to render professional services and commitment of errors and omissions in the execution of professional services. BPL insures bankers and banking institutions against claims of actual or alleged wrongful acts, errors, omissions and failure to render such professional services.

Customer Profile

 Commercial banks, savings banks, and savings and loan institutions that offer professional services to third parties for compensation, as well as their directors, officers, partners and employees.

Additional Information

 Provides payment for defense costs, settlements, judgements and other legal expenses.Covers claims brought against the insured anywhere in the world.Offers Employed Lawyers Professional Liability coverage as an option.BPL can be customized in almost any way to serve a financial institution's insurance needs (subject to policy limitations). BPL offers one of the most economic ways to secure a comprehensive professional indemnity program.