Your clients rely on you to protect their savings. With you their life investments are safe from the preying hands of thieves. However, what that thief enters your system via cyberspace? What would happen if one your employees becomes that criminal? Luckily, with the right financial institution insurance you can start building a barrier around the assets of your clients.
What Types of Insurance Do You Require?
Recent economic developments prove that anything can happen to financial institutions. That is why it is crucial to prepare for anything that may come your way. Some of the coverages most institutions can benefit from include:
Cyber: Cyber insurance can take care of the losses and expenses that come from a cyber breach. This can include investigations, restorations, public relation, penalties and much more.
Crime: Crime insurance handles employee dishonesty, wire fraud, extortion and a number of other threats your industry can face.
Employment Practices Liability: It is important to not forget the lawsuits that can result from employees themselves. Employment practices liability has your back in case of wrongful termination, harassment and discrimination lawsuits.
Other policies you may consider include errors & omissions, general liability, property and directors & officers. No matter what kind of location, you and your clients deserve strong financial institution insurance. Start building that powerful protection today!