Financial Institutions

As a leading provider of Professional Liability insurance products, PL Risk Advisors 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”

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

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