Insurance for the Banking Industry

Financial guarantee insurance offers a wide range of covered services for those working in the financial industry. Apart from the standard concerns of operating a business, threats of fraud, extortion, phishing schemes and cyber theft can plague a number of companies working with monies and securities. The more comprehensive the coverage the better protected your company will be.

What Do They Offer?

Through their partnerships with leading carriers across the nation, FGI has experience and success offering the following:

  • Professional liability: Errors and Omissions insurance, Director and Owner Liability, and Employment Practices coverage
  • Cyber liability: protection in situations involving a network security incident such as hacking, computer virus or denial of service attack
  • Crime insurance: industry-specific coverage that extends protection to situations of employee dishonesty, kidnapping, ransom, extortion, wire fraud, identity theft and credit card forgery

Financial protections from Financial Guarantee Insurance isn’t just for big banks. The size of the company matters little, as all institutions need the additional coverage. The policies are also extended to community banks, commercial lenders and Financial Technology start-ups. These FinTech companies assist with fundraising, asset management, money transfers, mobile payments and loans. Insurance companies, asset firms, investment companies and diversified financial institutions can also benefit from the services offered at Financial Guarantee Insurance.