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Financial Institutions Insurance
Financial Institutions face unique risks and challenges that demand specialised insurance & reinsurance solutions. At Jensten, we understand the critical importance of protecting these institutions from a myriad of potential threats, ensuring they can operate smoothly and securely.
We’re experts in financial institution's insurance solutions.
Our FINPRO team specialise in providing tailored (Re)insurance solutions for Financial Institutions. This dedicated team covers a broad spectrum of Financial and Professional Risks, including Professional Indemnity, Directors’ and Officers’, Fidelity/Crime and Cyber Risks.
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What does Financial Institutions Insurance cover?
Among the insurances covers we arrange for Financial Institutions are:
Bankers Blanket Bonds
Bankers Blanket Bond Insurance CAN provide financial institutions with protection against losses from employee dishonesty, fraud, theft, and other criminal acts, both internal and external. It can also cover risks like forgery, cyber fraud, and physical damage to assets caused by burglary or robbery.
Cyber Insurance
A cyber insurance policy helps pay for financial losses they may incur in the event of a cyberattack or data breach. It can cover costs related to the remediation process, such as paying for the investigation, crisis communication, legal services, and refunds to customers.
Directors’ and Officers’ Insurance
D&O insurance reimburses the defense costs incurred by board members, managers, and employees in defending against claims made by shareholders or third parties for alleged wrongdoing. D&O insurance also covers monetary damages, settlements, and awards resulting from such claims.
Fidelity Insurance
Fidelity insurance covers losses sustained by the employer as a result of an act of forgery, fraud or dishonesty from an employee.
Kidnap & Ransom
Kidnap and Ransom (K&R) Insurance can provide financial protection for businesses against the costs associated with kidnapping, extortion, and illegal detention. It can cover ransom payments, crisis management services, legal fees, and related expenses to safeguard employees and assets in high-risk situations.
Professional Indemnity Insurance for Financial Institutions
Can cover legal costs and claims arising from errors, omissions, or negligence in the professional services provided. It can protect against liabilities like mismanagement, incorrect financial advice, and regulatory breaches.
Why use Jensten
Dedicated
A dedicated team to Financial Services businesses
Trusted
We are the trusted broker to Professionals.
Flexibility
Tailored insurance to the needs of your business
Talk to the experts
Our team of UK-based insurance experts are here to help, Monday – Friday, 9am – 5pm.
- Call our team
- 01903 953 500
What businesses can Financial Institutions Insurance cover?
With decades of experience in serving Financial Institutions, Jensten has built a robust portfolio of clients. Our expertise spans a wide range of Financial Institutions, including but not limited to:
- Banks / Building Societies
- Hedge Funds
- Stockbrokers
- Private Equity
- Venture Capital
- Fintech / Platform-Based Business
- Cryptocurrency Exchanges / Platforms
- Securities, Commodities, Exchanges
- Lenders
- REIT’s
- Wealth Managers
- Family Offices
- Pension / Mutual Fund Management
- Blockchain Consultants / Smart Contracts
Need Financial Institutions Insurance?
For comprehensive Financial Institutions Insurance
Financial Institutions Insurance
Financial institutions insurance provides coverage for asset management firms, banks and lending institutions, and insurance companies. Our broking team can arrange financial institutions a broad range of customised, reliable protection.
Getting a quote is easy. You can call us on 0208 298 2100, and the team will be happy to help you find the protection you need. We work with a panel of different insurance companies and can help find the appropriate cover to suit your individual needs.
What types of professional indemnity insurance are available for financial institutions?
Financial institutions can access a broad range of professional indemnity insurance products tailored to cover wrongful acts, omissions, and breaches of duty, providing essential indemnity cover for claims arising from professional services.
How does officers liability insurance protect directors and officers?
Officers liability insurance offers protection to non executive directors and officers against claims related to wrongful acts, including breaches of duty and regulatory investigations, helping cover legal costs and settlements.
Can financial institutions get bespoke cover for cyber risks and crime cover?
Yes, bespoke cover options are available that include crime cover for theft, computer fraud, and data restoration, as well as cyber insurance to manage exposures related to data breaches and cyberattacks.
What role does employment practices liability play in financial institutions insurance?
Employment practices liability insurance protects companies against claims made by employees regarding wrongful acts such as discrimination, harassment, or wrongful termination, helping manage legal expenses and claim costs.
How does financial institutions insurance support compliance with UK regulations?
Insurance policies help financial institutions manage risks associated with evolving regulations by providing coverage for legal costs, regulatory investigations, and claims that may arise from non-compliance.
What types of claims are typically covered under financial institutions insurance?
Claims related to professional negligence, breach of duty, fraud, theft, business interruption, and wrongful acts are commonly covered, ensuring complete protection for financial services companies.