PROFESSIONAL INDEMNITY & BOND COVERAGE
FOR FINANCIAL INSTITUTIONS
Any business engaged in the day to day service of financial instruments should be alert to the complex exposures they are open to, especially those of employee fraud, negligence and third party crime. Regardless of the centralised risk management procedures implemented, even the best working environments are vulnerable to sinister manoeuvres from within and from outside the organisation.
White collar crime is on the increase and a firm’s long term prosperity may be damaged by the acts of an executive or employee that may have gone unnoticed for years.
Insurance coverage can provide reassurance and stability for a Financial Institution’s long term future and help protect the firm’s profits.
NCG Professional Risks Limited specialises in providing Professional Indemnity Insurance to a multitude of professions.
The North American Professional Liability Division at NCG is a dynamic team with a vast depth of knowledge and experience to draw upon to provide clients with the structured solution to their varied insurance requirements.
Our underwriting capacity includes both Lloyd's and London Company market and with our long relationships and quality business production our Underwriters are keen to provide viable terms for existing and prospective customers.
Our aim is to provide an efficient and valued service in our commitment to making our clients the number one priority
Summary of bond coverages
Financial loss, legal fees and expense resulting from:
- Dishonest or fraudulent acts of an employee
- Loss or damage to property within the premises through theft, robbery, burglary, disappearance, misplacement, damage, destruction or vandalism
- Property being lost or damaged while in transit resulting from robbery, larceny, misplacement, disappearance or destruction
- Forgery or alteration of cheques, bills of exchange, bankers draft, certificates, signature for withdrawal receipts or promissory notes
- Stolen, lost, forged or altered securities, title documents, deeds, mortgages, evidence of debt or security agreement
- Loss from receipt of counterfeit currency
- Computer Crime
Summary of professional indemnity coverage
- Losses paid for damages awarded against the Assured and defence costs and expenses resulting from negligent or wrongful acts, errors or omissions.
Important – this product summary is intended for guidance only and should not be taken as a definitive statement of policy terms and conditions. Full details of the coverage available will be provided upon request
Highlights
- “A” Rated Carriers
- Claims made policy forms
- Full prior acts can be considered
- Worldwide coverage
- Limits from $500,000 to $10,000,000, or more
- Typical 24 – 48 hour turnaround
For further Information please contact:
Paul Bloomfield
Email: paul.bloomfield@ncgpi.co.uk
Telephone: +44 (0)20 7220 4361
Alan Lambert
Email: alan.lambert@ncgpi.co.uk
Telephone: +44 (0)20 7220 4369