iTOOsday: Hacked & Hijacked | Trends in Online Theft and Cybercrime
In this iTOOsday session, an expert panel discusses evolving cybercrime tactics like business email compromise and phishing, and how cyber...
Business
Financial Institutions navigate a challenging trading environment characterised by global volatility, swiftly evolving technology, heightened regulatory and compliance demands.
iTOO’s specialist Crime & Civil Liability insurance offers market-leading coverage to safeguard financial institutions against these specific industry risks.
iTOO’s Financial Lines products are meticulously designed to meet your company’s specific needs, integrating market-leading iTOO offerings to ensure comprehensive coverage for your business’s daily operations.
At iTOO, our experts possess a deep understanding of the complex needs of financial institutions. By taking the time to understand your unique requirements, they tailor coverage to fit those needs precisely, delivering service that is not only focused and professional but also innovative.
Our flagship policy financial institutions offers the most competitive coverage available in the market.
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The following are included:
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Grow with confidence knowing you have our expertise backing you every step of the way.
Ask your insurance broker to contact us for a quote for your Financial Institutions Crime & Civil Liability cover. Don’t have a broker and want us to recommend possible FAIS registered brokers trained in our products? Find a broker or contact one of our experts.
Please complete this proposal form for combined Crime and Civil liability insurance for Banks.
Please complete this proposal form for combined Crime and Civil Liability insurance for licensed financial institutions.
This is a concise summary of the product offering, it provides a snapshot of the product's benefits, triggers and valuable partnerships.
Please complete this proposal form for Trustees Liability for Medical Scheme Trustees covering direct financial loss and civil liability.
Please complete this proposal form for combined Crime and Civil Liability indemnity for Trustees of Pension and Provident Funds.
Please complete this proposal form for Crime and Civil Liability for Underwriting Managers.
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You’re in the hands of an expert. You can always be assured of professionalism, quick turn around times and world-class technical knowledge. We’ll keep you in the loop every step of the way. Simply send us an email detailing your claim and our claims department will contact you for specific details:
Cyber liability policies principally cover breaches resulting in theft of personal information or corruption of data and the consequential losses as a result of such. Third-party computer crime covers the direct financial loss as a result of access to an Insured computer system excluding consequential loss and access of confidential information.
Social engineering refers to a variety of techniques used to elicit information and trick individuals into voluntarily performing actions. Social engineering loss essentially refers to acts of fraud committed by means of a person deceiving or misleading an employee of the Insured through misrepresentation of a material fact that the employee has relied upon, believing it to be genuine and causing the transferring, paying or delivering of cash and/or other property.
The limits of indemnity are combined limits across all insuring clauses and aggregated for total losses in the period of insurance. One needs to take into account the value of costs incurred in investigating a loss and defence costs incurred in defending allegations of wrongfulness aside from any damages award or claim that may be paid under the policy. The appropriate limit of indemnity will depend on a number of factors including the nature and size of the business, contracting limitations, transaction values. Your broker will be best placed to advise on the most suitable limit of indemnity.
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