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.

Beverley Erikson

011 351 2737

Capacity: R350 million

Required: Proposal form and annual financial statements