Berkshire Hathaway Specialty Insurance Company Launches Financial Institution Professional Indemnity Insurance in Asia
“Financial institutions are seeing an increase in both the frequency and severity of professional indemnity claims.” said
The new BHSI policy is designed to cover a range of claims, from allegations of failure to disclose information, to misleading financial advice and breach of contracts. It combines coverage for civil liability, pre-investigations, mitigation expenses, bail bond costs, court attendance, loss of documents, and more.
“Financial institutions deliver diverse services to their customers,” said
The policy is designed for medium to large financial institutions, including securities dealers, regional banks, insurance companies, reinsurance companies, diversified institutions, and financial technology (FinTech) and corporate advisory firms.
For more information on BHSI’s FIPI insurance, contact
For more information, contact [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212006378/en/
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