Financial Institutions Crime and Civil Liability
The ITOO crime and civil liability flagship policy provides financial institutions with the most comprehensive coverage available in the market.
Coverage highlights include:
- Civil liability – non-negligence based professional indemnity
- Broadform employee dishonesty
- The latest electronic and computer crime language
- Theft of misdirected funds
- Full policy limit available for claims preparation and verification costs, legal defence costs, reconstitution of data, records and documentation following an insured loss
- Up to 25% automatic new subsidiary coverage
Optional extensions include:
- Social engineering
- Cyber liability
Financial institutions include banks, insurance companies, asset and investment managers, and private equity or venture capital funds.