Financial Institutions
As a leading provider of Professional Liability insurance products, PLRisk Specialty Insurance Agency LLC provides financial institutions with custom policies in the event a customer holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. Whether the claim has any merit or not, an Errors & Omission (E&O) policy will respond and help pay for legal defense costs, settlements, and judgments. E&O insurance also helps manage legal costs in responding to formal regulatory or administrative proceedings in connection with a financial institution’s activities.
Eligibility
- Revenue at least $500K
- 3 or more practitioners
- Available in all 50 states
- Specialists in “Hard to Place”
Highlights
- Revenue at least $500K
- 3 or more practitioners
- Available in all 50 states
- Specialists in “Hard to Place”
Target Exposures
- Revenue at least $500K
- 3 or more practitioners
- Available in all 50 states
- Specialists in “Hard to Place”
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Who We Serve
An E&O policy for financial institutions can cover the following exposures:
- Breach of agreed investment parameters
- Breach of management contracts
- Perceived underperformance
- Lack of due diligence prior to investments
- Alleged dishonest acts of employees
- Incorrectly executed trades
- Failure of internal risk control
- Suitability of investments
- Alleged mismanagement
- Bad faith
