Institutions like banks, mortgage companies, and even insurance firms face more than financial risks. A lot of things can go wrong when you’re in the business of handling people’s money and investments. Data loss, errors, and theft can mean trouble and leave a negative impact on the company’s reputation. Of course, financial services providers are not exempt from damages, losses, and liabilities due to unexpected circumstances.
No matter the scale of your company – whether it’s a small investment firm or a renowned bank, you need a financial services insurance portfolio that will protect your business from a range of risks, losses, and future liabilities.
Insuring your Financial Services Company
While most commercial and business insurance plans come with general liability and property insurance coverage, financial services companies need additional insurance options to safeguard their interests better.
Your company deals with large sums of money and provides financial assistance to people every day. That being said, it needs an insurance program that will protect it from the unique risks that it faces.
The following insurance options would benefit financial service institutions:
- General Liability Insurance
- Property Damage Insurance
- Professional Indemnity Insurance
- Fidelity and Crime Insurance
- Identity Theft Expense Reimbursement
Choosing the Right Insurance Options
As different financial institutions have different needs and services, their insurance requirements may also differ.
When purchasing insurance policies for your business, you can never go wrong by choosing an established and experienced insurance provider like Bennett and Porter.
We will help you build a strong financial services insurance portfolio and make sure that your company is well-protected from the challenges ahead.
For your business coverage needs, speak with a Bennett and Porter insurance specialist today.