Finanacial Institutions Insurance
CapriCMW's Financial Institutions Group has years of experience in managing the risks of banks, credit unions, mortgage lenders, construction lenders, financial planners, stock brokerages and foreign exchange dealers. We understand the need for competitively priced programs, including coverage for direct losses to property, lost income and the timely replacement of assets.
Our liability programs provide protection of customer goodwill by insuring against third-party claims arising from your products and services. We also advise on the unique risks arising from providing professional financial advice, errors in administration and collateral asset impairment.
Our finance industry risk advisors will support your needs in non-insurable areas such as contract review, risk control for safety of premises and reviews of employee safety.
Our Financial Institution Liability Insurance solutions include:
- Competitively priced property programs covering buildings, equipment, data processing equipment and related contents on site or in transit
- Liability programs providing protection from customer incidents on premises and claims arising from security protecting customers and the premises
- Loss of income programs for business interruption as well as expediting expenses to quickly reopen
- Professional liability programs for financial advisors and stock brokerages as well as executive protection for directors and officers - Collateral loan/mortgage impairment programs
- Environmental protection programs for real estate lenders
- Employee group health and benefits programs
- Directors and officers, employment practices liability and fiduciary liability programs
- Cyber and privacy insurance
- Financial institution bonds and crime insurance designed for operations with large cash exposures and irregular limits on premises or off premises
- Claims management assistance and advocacy to smooth customer goodwill, settle claims quickly and maintain strong insurer relations
Resources
Business Insurance
Actual Cash Value or Replacement Cost: 9 Key Considerations
Insuring property on an actual cash value (ACV) basis could lead a manufacturing business to permanent close in the event of a large claim. This article will explore the challenges of insuring property on an ACV basis and why we recommend insuring on…
Personal Insurance
How Safe is Your Password?
Cybercrime is more rampant than ever before - attacks are growing in sophistication year by year with the potential impact on victims becoming more severe and widespread. It is predicted that the damage caused by global cybercrime will cost $10.5…
Employee Benefits
BC Government Introduces New Pay Transparency Legislation
If passed, the new legislation will require employers meeting a certain employee size threshold to disclose the mean and median pay for male and female employees.
Talk to an Advisor
Your CapriCMW Risk Advisor has highly specialized knowledge of your industry and is empowered to act quickly and independently to ensure direct, personal service.