Edward Williams
Financial and Executive Risks
| Business Classes | Industry Groups |
Bankers Blanket Bond |
UK Financial Institutions (Asset Managers, Hedge Funds, etc.) Lloyd’s Managing Agencies Insurance Companies |
Comprehensive Financial Institutions insurance programmes should, as a minimum, protect an entity against professional liability (civil liability), directors’ and officers’ liability and crime exposures. Examples of what gives rise to claims include:
- Breach of client mandates
- Trades executed incorrectly (eg. 'fat finger' error)
- Client allegations of underperformance
- Client allegations of insufficient due diligence on investments
With the ever increasing culture of litigation globally, it is imperative to have a robust programme standing behind both you and your organisation. This, together with the ever increasing onus on investor expectations and regulatory and compliance issues means that the right insurance advisors are essential.
Our team has many years of experience in placing structured financial placements and handling complex claims and has strong relationships with all key London market insurers.
Professional Risks
Industry Groups
- Accountants
- Architects, Engineers and Contractors
- Insurance Brokers
- Technology, Media and Telecom companies
- Life Sciences
- Miscellaneous
Professional Liability Insurance is essential to all businesses involved in the provision of professional services.
If you or your business are alleged to have fallen short of reasonable skill and care in the provision of such services, you may well find yourself on the receiving end of legal action.
It may be compulsory (whether imposed by a regulator or a contractual requirement) for you to buy professional liability insurance, however that does not mean that all cover afforded is the same or that the compulsory limit is sufficient to suit your risk profile. For example, regarding coverage, we would always seek full civil liability language as opposed to cover being limited to 'negligence'.
We have access to all major professional liability insurers in the London market.