Financial Lines

Turbulent economic conditions have created unprecedented liability risks for today’s directors and officers. The threat of litigation and investigation is growing across business and industry segments, and the consequences for corporate leaders and their companies can be enormous.

We can offer an appropriate solution for all sorts of entities, from a small foundation up to a worldwide operating multinational. Along with market leading cover, we can offer compliant global policies in over 170 countries and technical claims expertise with an experienced financial lines claims team.

Employment practices liability insurance (EPLI) protects companies, as well as managers and other employees, against financial risks resulting from claims based on employment-related discrimination, harassment or wrongful torts such as wrongful termination or non-compliance with data protection laws.

We cover fees, expenses and compensation awards including punitive damages arising out of alleged or actual wrongful employment acts. We can ensure globally compliant coverage in up to 90 countries and we offer complimentary access to the HR risk management tools – HR Care and HR Classroom.

Businesses are faced, now more than ever, with increased exposure to commercial crime. Thieves and fraudsters can include internal employees, external sources, or a combination of the two working together for their own personal gain. 

Zurich’s commercial crime coverage extends to both internal and external crime, covering losses on or off the business’ premises and interest receivable or payable resulting from a loss. We can offer globally compliant solutions for crime in over 170 countries.

Professional indemnity insurance (and/or errors and omissions) protects professionals in your business against claims arising from the professional services that you perform. We offer solutions for a wide range of professions. We can offer globally compliant professional indemnity programs in over 170 countries and we have technical claims expertise in professional indemnity claims based in Brussels and The Hague.

For financial institutions our portfolio of solutions includes:

• Directors and officers liability insurance
• Professional liability insurance, and
• Fraud (including computer fraud) insurance

All these types of insurance coverage can be taken out on a stand-alone or combined basis.

For fund managers / fund advisory companies (including Private Equity and Venture Capital) we developed a specific insurance product: ISIS (Investment Structures Insurance Solution). This provides a blended directors and officers and professional liability cover which includes the investment structures as well as the people involved.

We can service all entities working within the financial system, including banks, insurance and reinsurance companies, investment firms (including private equity / venture capital / real estate), stock exchanges, corporate service providers, brokerage firms, asset managers, and (pension) fund administrators.

Zurich is one of the frontrunners in the area of security and privacy protection.

The Zurich security and privacy protection policy offers first and third party coverage to respond to many types of losses associated with security and privacy risks.